Chesapeake Energy 1993 Annual Report Download - page 30

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20
Total notes payable ànd long-term debt
Less - Current maturities
-Notes payable and long-term debt, net of current maturities
The aggregate scheduled maturities of notes payable and long-term debt .for the next five fiscal years
ending.June 30, 1998 and thereafter were as follows (in thousands of dollars):
--
'21,002 29,729
(7,812) (7,987)
$13,190 $21,742.
1994 $ 7,812
1995 9743
1996 2,559
:1997 .. 67
1998 .62
After 1998 759
CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
June30,'
1993 1992
Notes payable to vendors participating in the vendor financing programs,
interest at 7% per annum, collateralized, by interesis in certain producing oil
and gas- properties, payable in monthly installments based on the production
from certain oil and gas properties, as defined -1.620
Term note payable to Trust Company of the West ("TCW"), interest at 9%
per annum plus a royal.tv interest in each of the wells drilled, collateralized by
producing oil and gas properties, payable in monthly installments 6,750
Drilling note payable to TCW. interest at 9% per annum plus a royalty interest
in each of the wells drilled, collateralized by oil and gas properties drilled
under a Credit Agreement, payable in monthly installments 13,025
Notes payable to various entities to acquire non-producing leasehold, interest
varies from 10% to 18% per annum, collateralized by non-producing leasehold
or unsecured' 1,777
Note payable to a vendor for oilfield equipment, annual interest at 10%
through January 1994, and 18% thereafter, payments due in monthly
installments of principal plus interest - 2,084 2,384
Notes payable to various entities to acquire oil service equipment, interest
varies from 6.5% to 18.4% per annum, collateralized by equipment, payments
due in monthly installments through December 2000 2 082 2 138
Notes payable to a bank for office buildings, interest at 8.5% per annum,
collateralized by office buildings, payments due in monthly installments
through March 31, 1993 -. .158
Notes payable- to various vendors to refinance trade accounts payable, interest
varies &61n 0% to 12% per annum, payments due through July 1994 .116 3,794
Other 68 115
Less loan origination costs, net of amortization (861) (4,12)