Environment, Education, Energy: Policy to People

“McClendon Puts Up Wine Collection as Collateral for Kaiser Loan”

The Chesapeake Energy CEO told Forbes last year that he’d sold about 75 percent of his wine holdings, which was considered one of the best in the world, the Journal reports.

Records filed in Oklahoma County on Oct. 23 show that McClendon pledged his extensive wine collection to Kaiser to secure a personal debt. The records do not disclose the terms of the loan, or how much McClendon owes Kaiser. At one time, the collection included a 2000 vintage Château Lafite Rothschild with an estimated value of $22,500 a bottle and a bottle of Château Mouton Rothschild valued at $12,000, according to auction listings.

Read more at: journalrecord.com

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