XML 60 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
6 Months Ended
Jun. 30, 2013
Subsequent Events  
Subsequent Events

18.  Subsequent Events

 

On July 10, 2013, Chesapeake Funding LLC (“Chesapeake”) issued Series 2013-2 and Series 2013-3 variable funding notes with available commitments of $780 million and $520 million, respectively.  The revolving periods of the Series 2013-2 and Series 2013-3 notes end July 9, 2014 and July 10, 2015, respectively.  Proceeds of the issuance were used to fully repay the existing Chesapeake Series 2010-1 and Series 2011-1 variable-funding notes.