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Senior Note Obligations Our senior note obligations consisted of the following as of December 31, 2015:

3.25% senior notes due 2016 ........................................................................... 6.25% euro-denominated senior notes due 2017(a) .......................................... 6.5% senior notes due 2017 ............................................................................. 7.25% senior notes due 2018 ........................................................................... Floating rate senior notes due 2019 ................................................................. 6.625% senior notes due 2020 ......................................................................... 6.875% senior notes due 2020 ......................................................................... 6.125% senior notes due 2021 ......................................................................... 5.375% senior notes due 2021 ......................................................................... 4.875% senior notes due 2022 ......................................................................... 8.00% senior secured second lien notes due 2022 .......................................... 5.75% senior notes due 2023 ........................................................................... 2.75% contingent convertible senior notes due 2035(b) ..................................... 2.5% contingent convertible senior notes due 2037(b) ....................................... 2.25% contingent convertible senior notes due 2038(b) ..................................... Interest rate derivatives(c) .................................................................................. Total senior notes, net .............................................................................. Less current maturities of long-term debt, net(d) ................................................ Total long-term senior notes, net ..............................................................

December 31, 2015 Principal Carrying Amount Amount ($ in millions) $ 381 $ 381 329 329 453 452 538 538 1,104 1,104 822 822 304 303 589 589 286 286 639 639 2,425 3,584 384 384 2 2 1,110 1,026 340 289 — 7 9,706 10,735 (381) (381) $ 9,325 $ 10,354

___________________________________________ (a)

The principal amount shown is based on the exchange rate of $1.0862 to â‚Ź1.00 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.

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Profile for Chesapeake Energy

2015 Annual Report  

2015 Annual Report