Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Our outstanding long-term debt is shown below:



	June 30,			December 31,
(in thousands)	2020			2019
FPU secured first mortgage bonds ⁽¹⁾:
9.08% bond, due June 1, 2022	$	7,992		$	7,990
Uncollateralized senior notes:
5.50% note, due October 12, 2020	2,000			2,000
5.93% note, due October 31, 2023	10,500			12,000
5.68% note, due June 30, 2026	17,400			20,300
6.43% note, due May 2, 2028	5,600			6,300
3.73% note, due December 16, 2028	18,000			18,000
3.88% note, due May 15, 2029	45,000			50,000
3.25% note, due April 30, 2032	70,000			70,000
3.48% note, due May 31, 2038	50,000			50,000
3.58% note, due November 30, 2038	50,000			50,000
3.98% note, due August 20, 2039	100,000			100,000
2.98% note, due December 20, 2034	70,000			70,000
Term Note due February 28, 2020	—			30,000
Less: debt issuance costs	(786		)	(822		)
Total long-term debt	445,706			485,768
Less: current maturities	(15,600		)	(45,600		)
Total long-term debt, net of current maturities	$	430,106		$	440,168

⁽¹⁾ FPU secured first mortgage bonds are guaranteed by Chesapeake Utilities.



(in thousands)	Total Borrowing Capacity		Less: Amount of Debt Issued			Less: Unfunded Commitments			Remaining Borrowing Capacity
Shelf Agreement
Prudential Shelf Agreement ^{(1) (2)}	$	370,000	$	(170,000	)	$	(50,000	)	$	150,000
MetLife Shelf Agreement ⁽³⁾	150,000		—			—			150,000
NYL Shelf Agreement ⁽⁴⁾	150,000		(100,000		)	(40,000		)	10,000
Total Shelf Agreements as of June 30, 2020	$	670,000	$	(270,000	)	$	(90,000	)	$	310,000