Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2021
Schedule of Long-term Debt Instruments

Outstanding

Carrying value

    

Principal

    

March 31,

    

December 31,

 

March 31, 2021

2021

2020

amounts in millions

Liberty SiriusXM Group

Corporate level notes and loans:

1.375% Cash Convertible Notes due 2023 (1)

$

1,000

 

1,309

1,251

2.125% Exchangeable Senior Debentures due 2048 (1)

400

414

418

2.25% Exchangeable Senior Debentures due 2048 (1)

385

514

475

2.75% Exchangeable Senior Debentures due 2049 (1)

604

628

628

0.5% Exchangeable Senior Debentures due 2050 (1)

920

1,067

982

Sirius XM Holdings Margin Loan

875

 

875

 

750

Live Nation Margin Loan

 

Subsidiary notes and loans:

Sirius XM 3.875% Senior Notes due 2022

1,000

998

997

Sirius XM 4.625% Senior Notes due 2024

1,500

 

1,489

1,488

Sirius XM 5.375% Senior Notes due 2026

1,000

993

993

Sirius XM 5.0% Senior Notes due 2027

1,500

1,490

1,490

Sirius XM 5.50% Senior Notes due 2029

1,250

1,238

1,237

Sirius XM 4.125% Senior Notes due 2030

1,500

1,484

1,484

Pandora 1.75% Convertible Senior Notes due 2023

193

172

170

Sirius XM Senior Secured Revolving Credit Facility

 

1,023

 

1,023

 

649

Deferred financing costs

(11)

(12)

Total Liberty SiriusXM Group

13,150

13,683

13,000

Braves Group

Subsidiary notes and loans:

Notes and loans

 

676

 

676

 

674

Deferred financing costs

(4)

(4)

Total Braves Group

676

672

670

Formula One Group

Corporate level notes and loans:

1% Cash Convertible Notes due 2023 (1)

450

580

582

2.25% Exchangeable Senior Debentures due 2046 (1)

201

206

209

Other

73

73

74

Subsidiary notes and loans:

Senior Loan Facility

2,902

2,903

2,904

Deferred financing costs

(9)

(10)

Total Formula One Group

3,626

3,753

3,759

Total debt

$

17,452

 

18,108

 

17,429

Debt classified as current

 

(778)

 

(743)

Total long-term debt

$

17,330

 

16,686

(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):

    

March 31, 2021

 

Sirius XM 3.875% Senior Notes due 2022

$

1,004

Sirius XM 4.625% Senior Notes due 2024

$

1,543

Sirius XM 5.375% Senior Notes due 2026

$

1,032

Sirius XM 5.0% Senior Notes due 2027

$

1,567

Sirius XM 5.50% Senior Notes due 2029

$

1,352

Sirius XM 4.125% Senior Notes due 2030

$

1,500

Pandora 1.75% Senior Notes due 2023

$

224

Braves Holdings  
Schedule of Braves Holdings Debt

Carrying value

 

As of March 31, 2021

March 31,

    

December 31,

 

Borrowing

Weighted avg

Maturity

2021

2020

 

Capacity

interest rate

Date

amounts in millions

Operating credit facilities

$

115

115

185

1.47%

various

Ballpark funding

 

Term loan

46

46

NA

1.74%

August 2021

Senior secured note

181

184

NA

3.77%

September 2041

Floating rate notes

59

60

NA

1.95%

September 2029

Mixed-use credit facilities and loans

245

239

307

3.33%

various

Spring training credit facility

30

30

NA

3.65%

December 2030

Total Braves Holdings

$

676

674