Chesapeake Energy 1995 Annual Report Download - page 45

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3. NOTES PAYABLE AND LONG-TERM DEBT
Notes payable and long-term debt consist of the following:
CHESAPEAKE ENERGY CORPORATION
JUNE 30,
1995 1994
($ IN THOUSANDS
Senior notes, interest at 10.5% per annum
payable semiannually in June and December, principal due June 2002 $ 90,000 $
Senior notes, interest at 12% per annum payable
semiannually in March and September, mandatory redemption of $11,875,000
on each of March 1, 1998, 1999 and 2000, with remaining principal due March 2001 47,500 47,500
Discount on 12% Senior notes (2,333) (2,900)
Note payable to an individual and SW. Energy, interest at 7% per annum,
collateralized by producing oil and gas properties, paid in full in June 1995 1,216
Term note payable to Union Bank collateralized by CGDC, not guaranteed by the
Company, interest at Union Bank's base rate (9% per annum at June 30, 1995),
collateralized by CGDC's producing oil and gas properties, payable in monthly
installments through April 2002 10,800
Term note payable to Union Bank, interest at Union Bank's base rate + an incremental
rate (9% per annum at June 30, 1995), collateralized by CEX's producing oil and gas
properties and guaranteed by the Company 10 10
Note payable to a vendor, interest at 1% per annum, collateralized by oil and gas tubulars,
payments due 60 days from shipment of the tubulars 6,513 5,952
Note payable to a bank, interest at a referenced base rate + 1.75% (10.75% per annum
at June 30, 1995), collateralized by office buildings, payments due in monthly
installments through May 1998 686 751
Notes payable to various entities to acquire oil service equipment, interest varies from
7% to 11% per annum, collateralized by equipment, payments due in monthly
installments through December 2000 2,162 2,126
Other, secured 230 482
Other, unsecured 179 317
Total notes payable and long-term debt 155,747 55,454
Less current maturities (9,993) (7,576)
Notes payable and long-term debt, net of current maturities $ 145,754 $ 47,878
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