Chesapeake Energy 2015 Annual Report Download - page 55
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51
Senior Note Obligations
Our senior note obligations consisted of the following as of December 31, 2015:
December 31,
2015
Principal
Amount Carrying
Amount
($ in millions)
3.25% senior notes due 2016 ........................................................................... $ 381 $ 381
6.25% euro-denominated senior notes due 2017(a) .......................................... 329 329
6.5% senior notes due 2017 ............................................................................. 453 452
7.25% senior notes due 2018 ........................................................................... 538 538
Floating rate senior notes due 2019 ................................................................. 1,104 1,104
6.625% senior notes due 2020 ......................................................................... 822 822
6.875% senior notes due 2020 ......................................................................... 304 303
6.125% senior notes due 2021 ......................................................................... 589 589
5.375% senior notes due 2021 ......................................................................... 286 286
4.875% senior notes due 2022 ......................................................................... 639 639
8.00% senior secured second lien notes due 2022 .......................................... 2,425 3,584
5.75% senior notes due 2023 ........................................................................... 384 384
2.75% contingent convertible senior notes due 2035(b) ..................................... 2 2
2.5% contingent convertible senior notes due 2037(b) ....................................... 1,110 1,026
2.25% contingent convertible senior notes due 2038(b) ..................................... 340 289
Interest rate derivatives(c) .................................................................................. — 7
Total senior notes, net .............................................................................. 9,706 10,735
Less current maturities of long-term debt, net(d) ................................................ (381) (381)
Total long-term senior notes, net .............................................................. $ 9,325 $ 10,354
___________________________________________
(a) The principal amount shown is based on the exchange rate of $1.0862 to €1.00 as of December 31, 2015. 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.
(b) 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.
(c) See Note 11 of the notes to our consolidated financial statements included in Item 8 of this report for discussion
related to these instruments.
(d) Current maturities of long-term debt, net includes the carrying amount of our 3.25% Senior Notes due March
2016.
For further discussion and details regarding our senior notes and contingent convertible senior notes, see Note 3 of
the notes to our consolidated financial statements included in Item 8 of this report.