LPC-Chesapeake loan surges as investors clamor for refinancing protection
October 20, 2016 at 10:01 AM EDT
NEW YORK, Oct 20 (Reuters) - US natural gas producer Chesapeake Energy's US$1.5bn leveraged loan has hit stratospheric price heights in the secondary market normally reserved for high-yield bonds, boosted by a combination of stiff investor protections and rebounding commodity prices.
