| Schedule of debt instruments |
|
|
|
|
|
|
|
|
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|
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|
Outstanding |
|
Carrying value |
|
|
|
Principal |
|
March 31, |
|
December 31, |
|
|
|
March 31, 2024 |
|
2024 |
|
2023 |
|
|
|
|
amounts in millions |
|
Liberty SiriusXM Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
3.75% Convertible Senior Notes due 2028 (1) |
|
|
575 |
|
|
704 |
|
688 |
|
2.75% Exchangeable Senior Debentures due 2049 (1) |
|
|
585 |
|
|
575 |
|
574 |
|
Sirius XM Holdings Margin Loan |
|
|
630 |
|
|
630 |
|
695 |
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
SiriusXM 3.125% Senior Notes due 2026 |
|
|
1,000 |
|
|
994 |
|
994 |
|
SiriusXM 5.0% Senior Notes due 2027 |
|
|
1,500 |
|
|
1,494 |
|
1,494 |
|
SiriusXM 4.0% Senior Notes due 2028 |
|
|
2,000 |
|
|
1,986 |
|
1,985 |
|
SiriusXM 5.50% Senior Notes due 2029 |
|
|
1,250 |
|
|
1,242 |
|
1,241 |
|
SiriusXM 4.125% Senior Notes due 2030 |
|
|
1,500 |
|
|
1,489 |
|
1,488 |
|
SiriusXM 3.875% Senior Notes due 2031 |
|
|
1,500 |
|
|
1,487 |
|
1,487 |
|
SiriusXM Senior Secured Revolving Credit Facility |
|
|
30 |
|
|
30 |
|
— |
|
SiriusXM Incremental Term Loan |
|
|
500 |
|
|
500 |
|
500 |
|
Deferred financing costs |
|
|
|
|
|
(9) |
|
(9) |
|
Total Liberty SiriusXM Group |
|
|
11,070 |
|
|
11,122 |
|
11,137 |
|
Formula One Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
2.25% Convertible Senior Notes due 2027 (1) |
|
|
475 |
|
|
485 |
|
480 |
|
Other |
|
|
56 |
|
|
56 |
|
58 |
|
Subsidiary notes and loans: |
|
|
|
|
|
|
|
|
|
Formula 1 Senior Loan Facilities |
|
|
2,398 |
|
|
2,369 |
|
2,377 |
|
Deferred financing costs |
|
|
|
|
|
(8) |
|
(9) |
|
Total Formula One Group |
|
|
2,929 |
|
|
2,902 |
|
2,906 |
|
Liberty Live Group |
|
|
|
|
|
|
|
|
|
Corporate level notes and loans: |
|
|
|
|
|
|
|
|
|
0.5% Exchangeable Senior Debentures due 2050 (1) |
|
|
62 |
|
|
74 |
|
69 |
|
2.375% Exchangeable Senior Debentures due 2053 (1) |
|
|
1,150 |
|
|
1,344 |
|
1,248 |
|
Live Nation Margin Loan |
|
|
— |
|
|
— |
|
— |
|
Total Liberty Live Group |
|
|
1,212 |
|
|
1,418 |
|
1,317 |
|
Total debt |
|
$ |
15,211 |
|
|
15,442 |
|
15,360 |
|
Debt classified as current |
|
|
|
|
|
(1,185) |
|
(1,180) |
|
Total long-term debt |
|
|
|
|
$ |
14,257 |
|
14,180 |
|
(1) Measured at fair value
|
| Schedule of 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):
|
|
|
|
|
|
|
March 31, 2024 |
|
SiriusXM 3.125% Senior Notes due 2026 |
|
$ |
934 |
|
SiriusXM 5.0% Senior Notes due 2027 |
|
$ |
1,440 |
|
SiriusXM 4.0% Senior Notes due 2028 |
|
$ |
1,822 |
|
SiriusXM 5.50% Senior Notes due 2029 |
|
$ |
1,186 |
|
SiriusXM 4.125% Senior Notes due 2030 |
|
$ |
1,305 |
|
SiriusXM 3.875% Senior Notes due 2031 |
|
$ |
1,247 |
|
|