Āé¶¹app

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.19.3.a.u2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Long-term Debt Instruments

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​

​

​

​

​

​

​

​

​

​

​

​

Outstanding

​

°ä²¹°ł°ł²ā¾±²Ō²µĢż±¹²¹±ō³Ü±š

Ģż

​

ĢżĢżĢżĢż

Principal

ĢżĢżĢżĢż

DecemberĢż31,

ĢżĢżĢżĢż

DecemberĢż31,

Ģż

​

​

DecemberĢż31,Ģż2019

​

2019

​

2018

Ģż

Āé¶¹app SiriusXM Group

​

​

​

​

​

​

​

​

​

Corporate level notes and loans:

​

​

​

​

​

​

​

​

​

2.125% Exchangeable Senior Debentures due 2048 (1)

​

$

400

​

​

423

​

372

​

2.75% Exchangeable Senior Debentures due 2049 (1)

​

​

604

​

​

632

​

—

​

Sirius XM Holdings Margin Loan

​

​

350

Ģż

​

350

Ģż

600

​

Subsidiary notes and loans:

​

​

​

​

​

​

​

​

​

Sirius XM 3.875% Senior Notes due 2022

​

​

1,000

​

​

995

​

994

​

Sirius XM 4.625% Senior Notes due 2023

​

Ģż

500

Ģż

​

498

Ģż

497

​

Sirius XM 6% Senior Notes due 2024

​

​

—

​

​

—

​

1,490

​

Sirius XM 4.625% Senior Notes due 2024

​

​

1,500

​

​

1,485

​

—

​

Sirius XM 5.375% Senior Notes due 2025

​

​

1,000

​

​

993

​

992

​

Sirius XM 5.375% Senior Notes due 2026

​

​

1,000

​

​

992

​

991

​

Sirius XM 5.0% Senior Notes due 2027

​

​

1,500

​

​

1,488

​

1,487

​

Sirius XM 5.50% Senior Notes due 2029

​

​

1,250

​

​

1,236

​

—

​

Pandora 1.75% Convertible Senior Notes due 2020

​

​

1

​

​

1

​

—

​

Pandora 1.75% Convertible Senior Notes due 2023

​

​

193

​

​

163

​

—

​

Sirius XM Senior Secured Revolving Credit Facility

​

Ģż

—

Ģż

​

—

Ģż

439

​

Sirius XM Holdings leases

​

​

—

​

​

—

​

5

​

Deferred financing costs

​

​

​

​

​

(11)

​

(9)

​

Total Āé¶¹app SiriusXM Group

​

​

9,298

​

​

9,245

​

7,858

​

Braves Group

​

​

​

​

​

​

​

​

​

Subsidiary notes and loans:

​

​

​

​

​

​

​

​

​

Notes and loans

​

​

559

​

​

559

​

494

​

Deferred financing costs

​

​

​

​

​

(5)

​

(3)

​

Total Braves Group

​

​

559

​

​

554

​

491

​

Formula One Group

​

​

​

​

​

​

​

​

​

Corporate level notes and loans:

​

​

​

​

​

​

​

​

​

1.375% Cash Convertible Notes due 2023 (1)

​

​

1,000

Ģż

​

1,322

Ģż

1,062

​

1% Cash Convertible Notes due 2023 (1)

​

​

450

​

​

585

​

463

​

2.25% Exchangeable Senior Debentures due 2046 (1)

​

​

208

​

​

257

​

209

​

2.25% Exchangeable Senior Debentures due 2048 (1)

​

​

385

​

​

459

​

381

​

Live Nation Margin Loan

​

​

130

​

​

130

​

—

​

Other

​

​

32

​

​

32

​

33

​

Subsidiary notes and loans:

​

​

​

​

​

​

​

​

​

Senior Loan Facility

​

​

2,902

​

​

2,907

​

2,910

​

Deferred financing costs

​

​

​

​

​

(15)

​

(19)

​

Total Formula One Group

​

​

5,107

Ģż

​

5,677

Ģż

5,039

​

Total debt

​

$

14,964

​

​

15,476

​

13,388

​

Less debt classified as current

​

​

​

Ģż

​

(60)

Ģż

(17)

​

Total long-term debt

​

​

​

​

$

15,416

Ģż

13,371

​

(1) Measured at fair value

Schedule of Braves Holdings Debt

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​

​

​

​

​

​

​

​

​

​

​

​

​

°ä²¹°ł°ł²ā¾±²Ō²µĢż±¹²¹±ō³Ü±š

Ģż

As of December 31, 2019

​

​

​

​

DecemberĢż31,

ĢżĢżĢżĢż

DecemberĢż31,

Ģż

Borrowing

​

Weighted avg

​

Maturity

​

​

2019

​

2018

Ģż

Capacity

​

interest rate

​

Date

​

​

amounts in millions

​

​

​

​

​

Operating credit facilities

$

45

​

17

​

185

​

2.69%

​

various

​

Ballpark funding

​

​

Ģż

​

​

​

​

​

​

​

​

Term loan

​

49

​

52

​

NA

​

3.07%

​

August 2021

​

Senior secured note

​

190

​

195

​

NA

​

3.77%

​

September 2041

​

Floating rate notes

​

65

​

70

​

NA

​

3.80%

​

September 2029

​

Mixed-use credit facilities and loans

​

180

​

160

​

307

​

4.12%

​

various

​

Spring training credit facility

​

30

​

—

​

39

​

2.82%

​

December 2022

​

Total Braves Holdings

$

559

​

494

​

​

​

​

​

​

​

Fair Value of Debt

The fair value, based on quoted market prices of the same instruments but not considered to be active markets (LevelĢż2), of Sirius XM Holdings’ publicly traded debt securities is as follows (amounts in millions):

​

​

​

​

​

​

ĢżĢżĢżĢż

DecemberĢż31,

Ģż

​

​

2019

Ģż

Sirius XM 3.875% Senior Notes due 2022

​

$

1,021

​

Sirius XM 4.625% Senior Notes due 2023

​

$

508

​

Sirius XM 4.625% Senior Notes due 2024

​

$

1,569

​

Sirius XM 5.375% Senior Notes due 2025

​

$

1,036

​

Sirius XM 5.375% Senior Notes due 2026

​

$

1,063

​

Sirius XM 5.0% Senior Notes due 2027

​

$

1,584

​

Sirius XM 5.50% Senior Notes due 2029

​

$

1,355

​

Pandora 1.75% Senior Notes due 2020

​

$

1

​

Pandora 1.75% Senior Notes due 2023

​

$

239

​

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):

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​

​

​

​

2020

ĢżĢżĢżĢż

$

67

​

2021

​

$

546

​

2022

​

$

1,049

​

2023

​

$

2,235

​

2024

​

$

4,454

​