Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.5.0.2
Debt (Tables)
6 Months Ended
Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Carrying value

 

    

Principal

    

June 30,

    

December 31,

 

 

June 30, 2016

 

2016

 

2015

 

 

amounts in millions

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

Corporate level notes and loans:

 

 

 

 

 

 

 

 

Margin Loans

 

$

250

 

 

250

 

250

Subsidiary notes and loans:

 

 

 

 

 

 

 

 

SIRIUS XM 5.875% Senior Notes due 2020

 

 

650

 

 

645

 

645

SIRIUS XM 5.75% Senior Notes due 2021

 

 

600

 

 

596

 

596

SIRIUS XM 5.25% Senior Secured Notes due 2022

 

 

400

 

 

406

 

406

SIRIUS XM 4.25% Senior Notes due 2020

 

 

500

 

 

497

 

496

SIRIUS XM 4.625% Senior Notes due 2023

 

 

500

 

 

496

 

496

SIRIUS XM 6% Senior Notes due 2024

 

 

1,500

 

 

1,486

 

1,485

SIRIUS XM 5.375% Senior Notes due 2025

 

 

1,000

 

 

990

 

989

SIRIUS XM 5.375% Senior Notes due 2026

 

 

1,000

 

 

989

 

 —

SIRIUS XM Credit Facility

 

 

 —

 

 

 —

 

340

SIRIUS XM leases

 

 

16

 

 

16

 

13

Less deferred financing costs

 

 

(8)

 

 

(8)

 

(7)

Total Liberty SiriusXM Group

 

 

6,408

 

 

6,363

 

5,709

Liberty Braves Group

 

 

 

 

 

 

 

 

Subsidiary notes and loans:

 

 

 

 

 

 

 

 

Notes and loans

 

 

145

 

 

145

 

147

Less deferred financing costs

 

 

(8)

 

 

(8)

 

(8)

Total Liberty Braves Group

 

 

137

 

 

137

 

139

Liberty Media Group

 

 

 

 

 

 

 

 

Corporate level notes and loans:

 

 

 

 

 

 

 

 

Liberty 1.375% Cash Convertible Notes due 2023

 

 

1,000

 

 

994

 

995

Other

 

 

37

 

 

37

 

38

Total Liberty Media Group

 

 

1,037

 

 

1,031

 

1,033

Total debt

 

$

7,582

 

 

7,531

 

6,881

Less debt classified as current

 

 

 

 

 

(256)

 

(255)

Total long-term debt

 

 

 

 

$

7,275

 

6,626

 

 

 

 

 

 

 

 

 

 

Value of shares pledged as collateral pursuant to the margin loan agreements

 

 

 

 

 

 

 

 

    

Number of Shares Pledged

    

 

 

 

 

 

as Collateral as of

 

Share value as of

 

Investment

 

June 30, 2016

 

June 30, 2016

 

 

 

amounts in millions

 

SIRIUS XM

 

145.4

 

$

574

 

Live Nation

 

4.2

 

$

100

 

 

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):

 

 

 

 

 

 

 

    

June 30, 2016

 

SIRIUS XM 5.875% Senior Notes due 2020

 

$

672

 

SIRIUS XM 5.75% Senior Notes due 2021

 

$

625

 

SIRIUS XM 5.25% Senior Secured Notes due 2022

 

$

421

 

SIRIUS XM 4.25% Senior Notes due 2020

 

$

508

 

SIRIUS XM 4.625% Senior Notes due 2023

 

$

486

 

SIRIUS XM 6% Senior Notes due 2024

 

$

1,552

 

SIRIUS XM 5.375% Senior Notes due 2025

 

$

995

 

SIRIUS XM 5.375% Senior Notes due 2026

 

$

989