Continental Resources said that Harold Hamm, its chief executive officer and majority shareholder, has pledged about one-fourth of the company shares he owns as collateral for a personal loan, according to a regulatory filing. The shares Hamm posted as collateral are worth $2.6 billion and represent an 18.5% chunk in the Oklahoma-based drilling giant, according to a Reuters calculation. Hamm could be forced to offer more collateral for the loan if the value of his company falls.
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