A Chesapeake Energy natural gas well pad rests on the hill in Litchfield Township, Penn. Chesapeake Energy Corp. said it has reached an amended agreement with its lenders that affirmed the energy company’s revolving credit facility at $4 billion but expanded the collateral backing the debt to include most of the company’s assets. The company’s shares, down 71% in the past 12 months, were up 15% at $4.34 in recent trading, leading the gainers on the S&P 500. According to a regulatory filing, the agreement includes “the granting of liens and security interests on substantially all of the company’s assets, including mortgages encumbering 90% of all of the company’s proved oil and gas properties, all hedge contracts and personal property” and other items. Meanwhile, the next review of the credit facility’s borrowing base was postponed to June 15, 2017, from Oct. 30, 2016, according to a regulatory filing. Afterward, […]