| Schedule of Long-term Debt Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding |
|
Carrying value |
|
|
|
Principal |
|
March 31, |
|
December 31, |
|
|
|
March 31, 2020 |
|
2020 |
|
2019 |
|
|
|
amounts in millions |
|
Liberty SiriusXM Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
2.125% Exchangeable Senior Debentures due 2048 (1) |
|
$ |
400 |
|
|
360 |
|
423 |
|
2.75% Exchangeable Senior Debentures due 2049 (1) |
|
|
604 |
|
|
517 |
|
632 |
|
Sirius XM Holdings Margin Loan |
|
|
350 |
|
|
350 |
|
350 |
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Sirius XM 3.875% Senior Notes due 2022 |
|
|
1,000 |
|
|
996 |
|
995 |
|
Sirius XM 4.625% Senior Notes due 2023 |
|
|
500 |
|
|
498 |
|
498 |
|
Sirius XM 4.625% Senior Notes due 2024 |
|
|
1,500 |
|
|
1,485 |
|
1,485 |
|
Sirius XM 5.375% Senior Notes due 2025 |
|
|
1,000 |
|
|
994 |
|
993 |
|
Sirius XM 5.375% Senior Notes due 2026 |
|
|
1,000 |
|
|
992 |
|
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 |
|
Pandora 1.75% Convertible Senior Notes due 2020 |
|
|
1 |
|
|
1 |
|
1 |
|
Pandora 1.75% Convertible Senior Notes due 2023 |
|
|
193 |
|
|
165 |
|
163 |
|
Sirius XM Senior Secured Revolving Credit Facility |
|
|
— |
|
|
— |
|
— |
|
Deferred financing costs |
|
|
|
|
|
(13) |
|
(11) |
|
Total Liberty SiriusXM Group |
|
|
9,298 |
|
|
9,071 |
|
9,245 |
|
Braves Group |
|
|
|
|
|
|
|
|
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Notes and loans |
|
|
698 |
|
|
698 |
|
559 |
|
Deferred financing costs |
|
|
|
|
|
(4) |
|
(5) |
|
Total Braves Group |
|
|
698 |
|
|
694 |
|
554 |
|
Formula One Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
1.375% Cash Convertible Notes due 2023 (1) |
|
|
1,000 |
|
|
968 |
|
1,322 |
|
1% Cash Convertible Notes due 2023 (1) |
|
|
450 |
|
|
424 |
|
585 |
|
2.25% Exchangeable Senior Debentures due 2046 (1) |
|
|
207 |
|
|
213 |
|
257 |
|
2.25% Exchangeable Senior Debentures due 2048 (1) |
|
|
385 |
|
|
374 |
|
459 |
|
Live Nation Margin Loan |
|
|
— |
|
|
— |
|
130 |
|
Other |
|
|
31 |
|
|
31 |
|
32 |
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Senior Loan Facility |
|
|
3,377 |
|
|
3,381 |
|
2,907 |
|
Deferred financing costs |
|
|
|
|
|
(13) |
|
(15) |
|
Total Formula One Group |
|
|
5,450 |
|
|
5,378 |
|
5,677 |
|
Total debt |
|
$ |
15,446 |
|
|
15,143 |
|
15,476 |
|
Debt classified as current |
|
|
|
|
|
(590) |
|
(60) |
|
Total long-term debt |
|
|
|
|
$ |
14,553 |
|
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):
|
|
|
|
|
|
|
March 31, 2020 |
|
Sirius XM 3.875% Senior Notes due 2022 |
|
$ |
989 |
|
Sirius XM 4.625% Senior Notes due 2023 |
|
$ |
497 |
|
Sirius XM 4.625% Senior Notes due 2024 |
|
$ |
1,515 |
|
Sirius XM 5.375% Senior Notes due 2025 |
|
$ |
1,018 |
|
Sirius XM 5.375% Senior Notes due 2026 |
|
$ |
1,020 |
|
Sirius XM 5.0% Senior Notes due 2027 |
|
$ |
1,504 |
|
Sirius XM 5.50% Senior Notes due 2029 |
|
$ |
1,269 |
|
Pandora 1.75% Senior Notes due 2020 |
|
$ |
1 |
|
Pandora 1.75% Senior Notes due 2023 |
|
$ |
200 |
|
|