| Schedule of Long-term Debt Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding |
|
Carrying value |
|
|
|
Principal |
|
September 30, |
|
December 31, |
|
|
|
September 30, 2022 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
Liberty SiriusXM Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
1.375% Cash Convertible Senior Notes due 2023 (1) |
|
$ |
790 |
|
|
959 |
|
1,540 |
|
2.125% Exchangeable Senior Debentures due 2048 (1) |
|
|
387 |
|
|
381 |
|
416 |
|
2.25% Exchangeable Senior Debentures due 2048 (1) |
|
|
— |
|
|
— |
|
644 |
|
2.75% Exchangeable Senior Debentures due 2049 (1) |
|
|
586 |
|
|
552 |
|
624 |
|
0.5% Exchangeable Senior Debentures due 2050 (1) |
|
|
920 |
|
|
970 |
|
1,332 |
|
Sirius XM Holdings Margin Loan |
|
|
875 |
|
|
875 |
|
875 |
|
Live Nation Margin Loan |
|
|
— |
|
|
— |
|
— |
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Sirius XM 3.125% Senior Notes due 2026 |
|
|
1,000 |
|
|
991 |
|
990 |
|
Sirius XM 5.0% Senior Notes due 2027 |
|
|
1,500 |
|
|
1,492 |
|
1,491 |
|
Sirius XM 4.0% Senior Notes due 2028 |
|
|
2,000 |
|
|
1,981 |
|
1,979 |
|
Sirius XM 5.50% Senior Notes due 2029 |
|
|
1,250 |
|
|
1,240 |
|
1,239 |
|
Sirius XM 4.125% Senior Notes due 2030 |
|
|
1,500 |
|
|
1,486 |
|
1,485 |
|
Sirius XM 3.875% Senior Notes due 2031 |
|
|
1,500 |
|
|
1,485 |
|
1,484 |
|
Pandora 1.75% Convertible Senior Notes due 2023 |
|
|
193 |
|
|
193 |
|
177 |
|
Sirius XM Senior Secured Revolving Credit Facility |
|
|
421 |
|
|
421 |
|
— |
|
Sirius XM Incremental Term Loan |
|
|
500 |
|
|
500 |
|
— |
|
Deferred financing costs |
|
|
|
|
|
(12) |
|
(14) |
|
Total Liberty SiriusXM Group |
|
|
13,422 |
|
|
13,514 |
|
14,262 |
|
Braves Group |
|
|
|
|
|
|
|
|
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Notes and loans |
|
|
601 |
|
|
601 |
|
700 |
|
Deferred financing costs |
|
|
|
|
|
(3) |
|
(3) |
|
Total Braves Group |
|
|
601 |
|
|
598 |
|
697 |
|
Formula One Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
1% Cash Convertible Notes due 2023 (1) |
|
|
27 |
|
|
43 |
|
666 |
|
2.25% Convertible Senior Notes due 2027 (1) |
|
|
475 |
|
|
446 |
|
— |
|
Other |
|
|
65 |
|
|
65 |
|
69 |
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Senior Loan Facility |
|
|
2,902 |
|
|
2,902 |
|
2,902 |
|
Deferred financing costs |
|
|
|
|
|
(3) |
|
(6) |
|
Total Formula One Group |
|
|
3,469 |
|
|
3,453 |
|
3,631 |
|
Total debt |
|
$ |
17,492 |
|
|
17,565 |
|
18,590 |
|
Debt classified as current |
|
|
|
|
|
(499) |
|
(2,891) |
|
Total long-term debt |
|
|
|
|
$ |
17,066 |
|
15,699 |
|
(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, 2022 |
|
Sirius XM 3.125% Senior Notes due 2026 |
|
$ |
870 |
|
Sirius XM 5.0% Senior Notes due 2027 |
|
$ |
1,376 |
|
Sirius XM 4.0% Senior Notes due 2028 |
|
$ |
1,685 |
|
Sirius XM 5.50% Senior Notes due 2029 |
|
$ |
1,125 |
|
Sirius XM 4.125% Senior Notes due 2030 |
|
$ |
1,215 |
|
Sirius XM 3.875% Senior Notes due 2031 |
|
$ |
1,159 |
|
Pandora 1.75% Convertible Senior Notes due 2023 |
|
$ |
204 |
|
|