Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.20.2
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2020
Schedule of Long-term Debt Instruments

Outstanding

Carrying value

    

Principal

    

September 30,

    

December 31,

 

September 30, 2020

2020

2019

amounts in millions

Liberty SiriusXM Group

Corporate level notes and loans:

1.375% Cash Convertible Notes due 2023 (1)

$

1,000

 

1,090

NA

2.125% Exchangeable Senior Debentures due 2048 (1)

400

395

423

2.25% Exchangeable Senior Debentures due 2048 (1)

385

415

NA

2.75% Exchangeable Senior Debentures due 2049 (1)

604

591

632

Sirius XM Holdings Margin Loan

750

 

750

 

350

Live Nation Margin Loan

 

NA

Subsidiary notes and loans:

Sirius XM 3.875% Senior Notes due 2022

1,000

997

995

Sirius XM 4.625% Senior Notes due 2023

 

 

 

498

Sirius XM 4.625% Senior Notes due 2024

1,500

 

1,487

1,485

Sirius XM 5.375% Senior Notes due 2025

 

 

993

Sirius XM 5.375% Senior Notes due 2026

1,000

993

992

Sirius XM 5.0% Senior Notes due 2027

1,500

1,489

1,488

Sirius XM 5.50% Senior Notes due 2029

1,250

1,237

1,236

Sirius XM 4.125% Senior Notes due 2030

1,500

1,484

Pandora 1.75% Convertible Senior Notes due 2020

1

1

1

Pandora 1.75% Convertible Senior Notes due 2023

193

168

163

Sirius XM Senior Secured Revolving Credit Facility

 

 

 

Deferred financing costs

(12)

(11)

Total Liberty SiriusXM Group

11,083

11,085

9,245

Braves Group

Subsidiary notes and loans:

Notes and loans

 

714

 

714

 

559

Deferred financing costs

(4)

(5)

Total Braves Group

714

710

554

Formula One Group

Corporate level notes and loans:

1.375% Cash Convertible Notes due 2023 (1)

NA

NA

 

1,322

1% Cash Convertible Notes due 2023 (1)

450

536

585

2.25% Exchangeable Senior Debentures due 2046 (1)

204

210

257

2.25% Exchangeable Senior Debentures due 2048 (1)

NA

NA

459

Live Nation Margin Loan

NA

NA

130

Other

76

76

32

Subsidiary notes and loans:

Senior Loan Facility

2,902

2,905

2,907

Deferred financing costs

(12)

(15)

Total Formula One Group

3,632

3,715

5,677

Total debt

$

15,429

 

15,510

 

15,476

Debt classified as current

 

(96)

 

(60)

Total long-term debt

$

15,414

 

15,416

(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):

    

September 30, 2020

 

Sirius XM 3.875% Senior Notes due 2022

$

1,007

Sirius XM 4.625% Senior Notes due 2024

$

1,551

Sirius XM 5.375% Senior Notes due 2026

$

1,044

Sirius XM 5.0% Senior Notes due 2027

$

1,569

Sirius XM 5.50% Senior Notes due 2029

$

1,342

Sirius XM 4.125% Senior Notes due 2030

$

1,528

Pandora 1.75% Senior Notes due 2020

$

1

Pandora 1.75% Senior Notes due 2023

$

212

Braves Holdings  
Schedule of Braves Holdings Debt

Carrying value

 

As of September 30, 2020

September 30,

    

December 31,

 

Borrowing

Weighted avg

Maturity

2020

2019

 

Capacity

interest rate

Date

amounts in millions

Operating credit facilities

$

165

45

185

1.48%

various

Ballpark funding

 

Term loan

47

49

NA

1.77%

August 2021

Senior secured note

184

190

NA

3.77%

September 2041

Floating rate notes

61

65

NA

2.01%

September 2029

Mixed-use credit facilities and loans

227

180

307

3.45%

various

Spring training credit facility

30

30

NA

3.65%

December 2030

Total Braves Holdings

$

714

559