Chesapeake Energy 2013 Annual Report Download - page 55

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47
Senior Note Obligations
In addition to outstanding borrowings under our revolving bank credit facilities and the term loan discussed above,
our long-term debt consisted of the following as of December 31, 2013:
December 31,
2013
($ in millions)
9.5% senior notes due 2015(a) .................................................................................................... $ 1,265
3.25% senior notes due 2016 ..................................................................................................... 500
6.25% euro-denominated senior notes due 2017(b) .................................................................... 473
6.5% senior notes due 2017 ....................................................................................................... 660
6.875% senior notes due 2018 ................................................................................................... 97
7.25% senior notes due 2018 ..................................................................................................... 669
6.625% senior notes due 2019(c) ................................................................................................ 650
6.625% senior notes due 2020 ................................................................................................... 1,300
6.875% senior notes due 2020 ................................................................................................... 500
6.125% senior notes due 2021 ................................................................................................... 1,000
5.375% senior notes due 2021 ................................................................................................... 700
5.75% senior notes due 2023 ..................................................................................................... 1,100
2.75% contingent convertible senior notes due 2035(d) .............................................................. 396
2.5% contingent convertible senior notes due 2037(d) ................................................................ 1,168
2.25% contingent convertible senior notes due 2038(d) .............................................................. 347
Discount on senior notes(e) ......................................................................................................... (324)
Interest rate derivatives(f) ............................................................................................................ 13
Total senior notes, net.......................................................................................................... $ 10,514
___________________________________________
(a) Due February 2015.
(b) The principal amount shown is based on the exchange rate of $1.3743 to €1.00 as of December 31, 2013. See
Note 11 of the notes to our consolidated financial statements included in Item 8 of this report for information on
our related foreign currency derivatives.
(c) Issuers are COO, an indirect wholly owned subsidiary of the Company, and Chesapeake Oilfield Finance, Inc.
(COF), a wholly owned subsidiary of COO formed solely to facilitate the offering of the 6.625% Senior Notes due
2019. COF is nominally capitalized and has no operations or revenues. Chesapeake Energy Corporation is the
issuer of all other senior notes and the contingent convertible senior notes.
(d) The holders of our contingent convertible senior notes may require us to repurchase, in cash, all or a portion of
their notes at 100% of the principal amount of the notes on any of four dates that are five, ten, fifteen and twenty
years before the maturity date. The notes are convertible, at the holder’s option, prior to maturity under certain
circumstances into cash and, if applicable, shares of our common stock using a net share settlement process.
(e) Included in this discount was $303 million as of December 31, 2013 associated with the equity component of our
contingent convertible senior notes. This discount is amortized based on an effective yield method.
(f) See Note 11 of the notes to our consolidated financial statements included in Item 8 of this report for discussion
related to these instruments.
For further discussion and details regarding our senior notes, contingent convertible senior notes and COO senior
notes, see Note 3 of the notes to our consolidated financial statements included in Item 8 of this report.