Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.19.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of Long-term Debt Instruments

Outstanding

Carrying value

    

Principal

    

June 30,

    

December 31,

 

June 30, 2019

2019

2018

amounts in millions

Liberty SiriusXM Group

Corporate level notes and loans:

2.125% Exchangeable Senior Debentures due 2048 (1)

$

400

390

372

SIRIUS XM Holdings Margin Loan

475

 

475

 

600

Subsidiary notes and loans:

SIRIUS XM 3.875% Senior Notes due 2022

1,000

994

994

SIRIUS XM 4.625% Senior Notes due 2023

 

500

 

497

 

497

SIRIUS XM 6% Senior Notes due 2024

 

1,500

 

1,490

 

1,490

SIRIUS XM 5.375% Senior Notes due 2025

1,000

 

993

 

992

SIRIUS XM 5.375% Senior Notes due 2026

1,000

991

991

SIRIUS XM 5.0% Senior Notes due 2027

1,500

1,488

1,487

SIRIUS XM 5.50% Senior Notes due 2029

1,250

1,236

Pandora 1.75% Convertible Senior Notes due 2020

1

1

Pandora 1.75% Convertible Senior Notes due 2023

193

160

SIRIUS XM Senior Secured Revolving Credit Facility

 

 

 

439

SIRIUS XM Holdings leases

5

Deferred financing costs

(12)

(9)

Total Liberty SiriusXM Group

8,819

8,703

7,858

Braves Group

Subsidiary notes and loans:

Notes and loans

 

470

 

470

 

494

Deferred financing costs

(5)

(3)

Total Braves Group

470

465

491

Formula One Group

Corporate level notes and loans:

1.375% Cash Convertible Notes due 2023 (1)

1,000

 

1,122

 

1,062

1% Cash Convertible Notes due 2023 (1)

450

522

463

2.25% Exchangeable Senior Debentures due 2046 (1)

211

248

209

2.25% Exchangeable Senior Debentures due 2048 (1)

385

441

381

Live Nation Margin Loan

Other

32

32

33

Subsidiary notes and loans:

Senior Loan Facility

2,902

2,908

2,910

Deferred financing costs

(17)

(19)

Total Formula One Group

4,980

5,256

5,039

Total debt

$

14,269

 

14,424

 

13,388

Debt classified as current

 

(13)

 

(17)

Total long-term debt

$

14,411

 

13,371

(1) Measured at fair value

Fair Value of Debt

The fair value, based on quoted market prices of the same instruments but not considered to be active markets (Level 2), of SIRIUS XM Holdings’ publicly traded debt securities, not reported at fair value, are as follows (amounts in millions):

    

June 30, 2019

 

SIRIUS XM 3.875% Senior Notes due 2022

$

1,005

SIRIUS XM 4.625% Senior Notes due 2023

$

506

SIRIUS XM 6% Senior Notes due 2024

$

1,546

SIRIUS XM 5.375% Senior Notes due 2025

$

1,031

SIRIUS XM 5.375% Senior Notes due 2026

$

1,038

SIRIUS XM 5.0% Senior Notes due 2027

$

1,521

SIRIUS XM 5.50% Senior Notes due 2029

$

1,280

Pandora 1.75% Senior Notes due 2020

$

1

Pandora 1.75% Senior Notes due 2023

$

214

Braves Holdings  
Schedule of Braves Holdings Debt

Carrying value

 

As of June 30, 2019

June 30,

    

December 31,

 

Borrowing

Weighted avg

Maturity

2019

2018

 

Capacity

interest rate

Date

amounts in millions

Operating credit facilities

$

17

185

NA

various

Ballpark funding

 

Term loan

51

52

NA

3.78%

August 2021

Senior secured note

192

195

NA

3.77%

September 2041

Floating rate notes

68

70

NA

4.02%

September 2029

Mixed-use credit facilities and loans

159

160

298

4.49%

various

Spring training credit facility

39

NA

December 2022

Total Braves Holdings

$

470

494