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Chesapeake Energy (CHK) reportedly has paid off more than half of a $4B bridge loan after...
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Monday, October 22, 2012, 6:22 PM ETChesapeake Energy (CHK) reportedly has paid off more than half of a $4B bridge loan after receiving $2.8B in cash from the sale of some of its oil and gas properties in the Permian Basin. The loan, made in May, was a lifeline for CHK as it was staring at a $10B funding shortfall; so far this year, CHK has sold ~$12B of its assets.
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And you "forgot" to mention the remaining 30% will be paid by year end, bringing debt to just $9.5 billion, with maturities over the next seven years.
And you "forgot" to mention debt : total capital will be roughly 30%.