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Strategies & Market Trends : BAK - Investing

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To: Zoso_17 who wrote (2703)	5/16/2012 11:26:47 AM
From: Covenant	Read Replies (1) of 3249

Re: CHK never sees a dollar it doesn't want to borrow The $ 120MM original issue discount is amortized over the life of the loan, which is supposed to be repaid this year even though it is not required to be repaid until 2017. The interest rate is variable with an 8.5% floor and various prepayment penalties presumably start in 2013. CHK was down to $700MM of liquidity before getting this loan, which is quite tight for such a big spender.

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