Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2021
Schedule of Long-term Debt Instruments

Outstanding

Carrying value

    

Principal

    

June 30,

    

December 31,

 

June 30, 2021

2021

2020

amounts in millions

Liberty SiriusXM Group

Corporate level notes and loans:

1.375% Cash Convertible Notes due 2023 (1)

$

1,000

 

1,330

1,251

2.125% Exchangeable Senior Debentures due 2048 (1)

400

419

418

2.25% Exchangeable Senior Debentures due 2048 (1)

385

517

475

2.75% Exchangeable Senior Debentures due 2049 (1)

604

635

628

0.5% Exchangeable Senior Debentures due 2050 (1)

920

1,063

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

994

993

Sirius XM 5.0% Senior Notes due 2027

1,500

1,490

1,490

Sirius XM 4.0% Senior Notes due 2028

2,000

1,978

Sirius XM 5.50% Senior Notes due 2029

1,250

1,238

1,237

Sirius XM 4.125% Senior Notes due 2030

1,500

1,485

1,484

Pandora 1.75% Convertible Senior Notes due 2023

193

173

170

Sirius XM Senior Secured Revolving Credit Facility

 

 

 

649

Deferred financing costs

(14)

(12)

Total Liberty SiriusXM Group

14,127

14,670

13,000

Braves Group

Subsidiary notes and loans:

Notes and loans

 

694

 

694

 

674

Deferred financing costs

(3)

(4)

Total Braves Group

694

691

670

Formula One Group

Corporate level notes and loans:

1% Cash Convertible Notes due 2023 (1)

450

621

582

2.25% Exchangeable Senior Debentures due 2046 (1)

25

26

209

Other

71

71

74

Subsidiary notes and loans:

Senior Loan Facility

2,902

2,902

2,904

Deferred financing costs

(8)

(10)

Total Formula One Group

3,448

3,612

3,759

Total debt

$

18,269

 

18,973

 

17,429

Debt classified as current

 

(1,553)

 

(743)

Total long-term debt

$

17,420

 

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):

    

June 30, 2021

 

Sirius XM 3.875% Senior Notes due 2022

$

1,002

Sirius XM 4.625% Senior Notes due 2024

$

1,540

Sirius XM 5.375% Senior Notes due 2026

$

1,030

Sirius XM 5.0% Senior Notes due 2027

$

1,573

Sirius XM 4.0% Senior Notes due 2028

$

2,060

Sirius XM 5.50% Senior Notes due 2029

$

1,358

Sirius XM 4.125% Senior Notes due 2030

$

1,517

Pandora 1.75% Senior Notes due 2023

$

228

Braves Holdings  
Schedule of Braves Holdings Debt

Carrying value

 

As of June 30, 2021

June 30,

    

December 31,

 

Borrowing

Weighted avg

Maturity

2021

2020

 

Capacity

interest rate

Date

amounts in millions

Operating credit facilities

$

125

115

185

1.45%

various

Ballpark funding

 

Senior secured note

181

184

NA

3.77%

September 2041

Floating rate notes

58

60

NA

1.95%

September 2029

Stadium credit facility

46

46

1.23%

December 2022

Term loan

46

NA

NA

August 2021

Mixed-use credit facilities and loans

254

239

307

3.29%

various

Spring training credit facility

30

30

NA

3.65%

December 2030

Total Braves Holdings

$

694

674