Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.7.0.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt  
Schedule of Long-term Debt Instruments

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Carrying value

 

 

    

Principal

    

March 31,

    

December 31,

 

 

 

March 31, 2017

 

2017

 

2016

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

Corporate level notes and loans:

 

 

 

 

 

 

 

 

 

Margin Loans

 

$

250

 

 

250

 

250

 

Subsidiary notes and loans:

 

 

 

 

 

 

 

 

 

SIRIUS XM 5.75% Senior Notes due 2021

 

 

600

 

 

597

 

596

 

SIRIUS XM 5.25% Senior Secured Notes due 2022

 

 

400

 

 

405

 

405

 

SIRIUS XM 4.25% Senior Notes due 2020

 

 

500

 

 

497

 

497

 

SIRIUS XM 4.625% Senior Notes due 2023

 

 

500

 

 

496

 

496

 

SIRIUS XM 6% Senior Notes due 2024

 

 

1,500

 

 

1,487

 

1,487

 

SIRIUS XM 5.375% Senior Notes due 2025

 

 

1,000

 

 

991

 

990

 

SIRIUS XM 5.375% Senior Notes due 2026

 

 

1,000

 

 

990

 

989

 

SIRIUS XM Credit Facility

 

 

530

 

 

530

 

390

 

SIRIUS XM leases

 

 

11

 

 

11

 

14

 

Less deferred financing costs

 

 

 

 

 

(7)

 

(7)

 

Total Liberty SiriusXM Group

 

 

6,291

 

 

6,247

 

6,107

 

Braves Group

 

 

 

 

 

 

 

 

 

Subsidiary notes and loans:

 

 

 

 

 

 

 

 

 

Notes and loans

 

 

420

 

 

420

 

338

 

Less deferred financing costs

 

 

 

 

 

(10)

 

(10)

 

Total Braves Group

 

 

420

 

 

410

 

328

 

Formula One Group

 

 

 

 

 

 

 

 

 

Corporate level notes and loans:

 

 

 

 

 

 

 

 

 

1.375% Cash Convertible Notes due 2023

 

 

1,000

 

 

1,132

 

1,076

 

1% Cash Convertible Notes due 2023

 

 

450

 

 

494

 

 —

 

2.25% Exchangeable Senior Debentures due 2046

 

 

445

 

 

481

 

470

 

Live Nation Margin Loan

 

 

350

 

 

350

 

 —

 

Other

 

 

35

 

 

35

 

37

 

Subsidiary notes and loans:

 

 

 

 

 

 

 

 

 

Bank Loans

 

 

3,844

 

 

3,862

 

 —

 

Delta Topco Exchangeable Notes

 

 

351

 

 

359

 

 —

 

Less deferred financing costs

 

 

 

 

 

(16)

 

 —

 

Total Formula One Group

 

 

6,475

 

 

6,697

 

1,583

 

Total debt

 

$

13,186

 

 

13,354

 

8,018

 

Less debt classified as current

 

 

 

 

 

(48)

 

(5)

 

Total long-term debt

 

 

 

 

$

13,306

 

8,013

 

 

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's publicly traded debt securities, not reported at fair value, are as follows (amounts in millions):

 

 

 

 

 

 

 

    

March 31, 2017

 

SIRIUS XM 5.75% Senior Notes due 2021

 

$

625

 

SIRIUS XM 5.25% Senior Secured Notes due 2022

 

$

415

 

SIRIUS XM 4.25% Senior Notes due 2020

 

$

506

 

SIRIUS XM 4.625% Senior Notes due 2023

 

$

511

 

SIRIUS XM 6% Senior Notes due 2024

 

$

1,609

 

SIRIUS XM 5.375% Senior Notes due 2025

 

$

1,024

 

SIRIUS XM 5.375% Senior Notes due 2026

 

$

1,023