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Chesapeake Energy (CHK) reportedly has paid off more than half of a $4B bridge loan after...

Chesapeake 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.
Comments (1)
  • Factzplz
    , contributor
    Comments (226) | Send Message
     
    2.8 / 4 = 70%, since you seem to be "arithmetically challenged."

     

    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%.
    22 Oct 2012, 07:35 PM Reply Like
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