"unsecured"...but they took out their LOC (""which Chesapeake will use to repay a secured revolving credit line"" ) So it puts them right up front and since it is "unsecured" allows them to charge usery rates. The bridge loan was not 3 times over-subscribed for nothing....It puts the banks in the bridge loan in the catbird seat to make CHK dance and milk fees when they don't make these aggressive schedules.