Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Long-term Debt Instruments

Outstanding

Carrying value

 

    

Principal

    

December 31,

    

December 31,

 

December 31, 2021

2021

2020

 

amounts in millions

Liberty SiriusXM Group

Corporate level notes and loans:

1.375% Cash Convertible Senior Notes due 2023 (1)

$

1,000

 

1,540

1,251

2.125% Exchangeable Senior Debentures due 2048 (1)

400

416

418

2.25% Exchangeable Senior Debentures due 2048 (1)

385

644

475

2.75% Exchangeable Senior Debentures due 2049 (1)

604

624

628

0.5% Exchangeable Senior Debentures due 2050 (1)

920

1,332

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

997

Sirius XM 4.625% Senior Notes due 2024

1,488

Sirius XM 5.375% Senior Notes due 2026

993

Sirius XM 3.125% Senior Notes due 2026

1,000

990

Sirius XM 5.0% Senior Notes due 2027

1,500

1,491

1,490

Sirius XM 4.0% Senior Notes due 2028

2,000

1,979

Sirius XM 5.50% Senior Notes due 2029

1,250

1,239

1,237

Sirius XM 4.125% Senior Notes due 2030

1,500

1,485

1,484

Sirius XM 3.875% Senior Notes due 2031

1,500

1,484

Pandora 1.75% Convertible Senior Notes due 2023

193

177

170

Sirius XM Senior Secured Revolving Credit Facility

 

 

 

649

Deferred financing costs

(14)

(12)

Total Liberty SiriusXM Group

13,127

14,262

13,000

Braves Group

Subsidiary notes and loans:

Notes and loans

700

700

674

Deferred financing costs

(3)

(4)

Total Braves Group

700

697

670

Formula One Group

Corporate level notes and loans:

1% Cash Convertible Notes due 2023 (1)

386

666

582

2.25% Exchangeable Senior Debentures due 2046 (1)

209

Other

69

69

74

Subsidiary notes and loans:

Senior Loan Facility

2,902

2,902

2,904

Deferred financing costs

(6)

(10)

Total Formula One Group

3,357

 

3,631

 

3,759

Total debt

$

17,184

18,590

17,429

Debt classified as current

 

(2,891)

 

(743)

Total long-term debt

$

15,699

 

16,686

(1) Measured at fair value

Fair Value of Debt

The fair values, 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):

    

December 31,

 

2021

 

Sirius XM 3.125% Senior Notes due 2026

$

993

Sirius XM 5.0% Senior Notes due 2027

$

1,551

Sirius XM 4.0% Senior Notes due 2028

$

2,000

Sirius XM 5.50% Senior Notes due 2029

$

1,337

Sirius XM 4.125% Senior Notes due 2030

$

1,492

Sirius XM 3.875% Senior Notes due 2031

$

1,459

Pandora 1.75% Senior Notes due 2023

$

220

Schedule of Maturities of Long-term Debt

The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions):

2022

    

$

429

2023

$

1,755

2024

$

3,827

2025

$

111

2026

$

1,162

Braves Holdings  
Schedule of Braves Holdings Debt

Carrying value

 

As of December 31, 2021

December 31,

    

December 31,

 

Borrowing

Weighted avg

Maturity

2021

2020

 

Capacity

interest rate

Date

amounts in millions

Operating credit facilities

$

120

115

185

1.31%

various

Ballpark funding

 

Senior secured note

178

184

NA

3.77%

September 2041

Floating rate notes

55

60

NA

1.83%

September 2029

Stadium credit facility

46

46

1.38%

July 2026

Term loan

46

NA

NA

August 2021

Mixed-use credit facilities and loans

271

239

307

3.64%

various

Spring training credit facility

30

30

NA

3.65%

December 2030

Total Braves Holdings

$

700

674