Debts of US shale companies
2020 may turn out to be an unmitigated disaster for the US shale companies. Over the past few years, the shale corporations have been actively developing thanks to cheap loans. Nevertheless, sooner or later the moment to pay off the debts would come. And it did. However, the companies do not have extra funds to cover the debt. Overall, the shale companies need to repay about $41 billion to their creditors. Those who cannot do it will become bankrupts. In its turn, it may lead to a wave of defaults. Since 2015, about 200 shale companies in the United States have declared bankruptcy. Thus, presently, many companies are looking for funds to pay debts but it is not easy to find new lenders.