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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 3.

Debt Our long-term debt consisted of the following as of December 31, 2016 and 2015:

Term loan due 2021...................................... 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(b) ................................................ 5.75% senior notes due 2023....................... 8.00% senior notes due 2025....................... 5.5% convertible senior notes due 2026(c)(e) . 2.75% contingent convertible senior notes due 2035(d) ................................................ 2.5% contingent convertible senior notes due 2037(d)(e) ............................................. 2.25% contingent convertible senior notes due 2038(d)(e) ............................................. Revolving credit facility ................................. Debt issuance costs ..................................... Discount on senior notes .............................. Interest rate derivatives(f) .............................. Total debt, net ...................................... Less current maturities of long-term debt, net(g) .......................................................... Total long-term debt, net......................

December 31, 2016 December 31, 2015 Principal Carrying Principal Carrying Amount Amount Amount Amount ($ in millions) $ 1,500 $ 1,500 $ — $ — — — 381 381 258 134 64 380 780 279 550 270 451

258 134 64 380 780 279 550 270 451

329 453 538 1,104 822 304 589 286 639

329 453 538 1,104 822 304 589 286 639

2,419 338 1,000 1,250

3,409 338 1,000 811

2,425 384 — —

3,584 384 — —

2

2

2

2

114

112

1,110

1,027

340 — — — — 9,706

290 — (43) (4) 7 10,692

200 — — — — 9,989

$

(506) 9,483

180 — (64) (16) 3 10,441

$

(503) 9,938

$

(381) 9,325

$

(381) 10,311

___________________________________________ (a)

The principal and carrying amounts shown are based on the exchange rate of $1.0517 to €1.00 and $1.0862 to €1.00 as of December 31, 2016 and 2015, respectively. See Foreign Currency Derivatives in Note 11 for information on our related foreign currency derivatives.

(b)

The carrying amounts as of December 31, 2016 and 2015, include premium amounts of $990 million and $1.159 billion, respectively, associated with a troubled debt restructuring. The premium is being amortized based on an effective yield method.

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Profile for Chesapeake Energy

2016 Annual Report  

2016 Annual Report