| Schedule of Long-term Debt Instruments |
ā
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ā |
ā |
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ā |
ā |
ā |
ā |
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Outstanding |
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°ä²¹°ł°ł²ā¾±²Ō²µĢż±¹²¹±ō³Ü±š |
Ģż |
ā |
ĢżĢżĢżĢż |
Principal |
ĢżĢżĢżĢż |
DecemberĢż31, |
ĢżĢżĢżĢż |
DecemberĢż31, |
Ģż |
ā |
ā |
DecemberĢż31,Ģż2020 |
ā |
2020 |
ā |
2019 |
Ģż |
Ļć½¶“«Ć½ SiriusXM Group |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
Corporate level notes and loans: |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
1.375% Cash Convertible Notes due 2023 (1) |
ā |
$ |
1,000 |
Ģż |
ā |
1,251 |
ā |
NA |
ā |
2.125% Exchangeable Senior Debentures due 2048 (1) |
ā |
ā |
400 |
ā |
ā |
418 |
ā |
423 |
ā |
2.25% Exchangeable Senior Debentures due 2048 (1) |
ā |
ā |
385 |
ā |
ā |
475 |
ā |
NA |
ā |
2.75% Exchangeable Senior Debentures due 2049 (1) |
ā |
ā |
604 |
ā |
ā |
628 |
ā |
632 |
ā |
0.5% Exchangeable Senior Debentures due 2050 (1) |
ā |
ā |
920 |
ā |
ā |
982 |
ā |
NA |
ā |
Sirius XM Holdings Margin Loan |
ā |
ā |
750 |
Ģż |
ā |
750 |
Ģż |
350 |
ā |
Live Nation Margin Loan |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
NA |
ā |
Subsidiary notes and loans: |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
Sirius XM 3.875% Senior Notes due 2022 |
ā |
ā |
1,000 |
ā |
ā |
997 |
ā |
995 |
ā |
Sirius XM 4.625% Senior Notes due 2023 |
ā |
Ģż |
ā |
Ģż |
ā |
ā |
Ģż |
498 |
ā |
Sirius XM 4.625% Senior Notes due 2024 |
ā |
ā |
1,500 |
ā |
ā |
1,488 |
ā |
1,485 |
ā |
Sirius XM 5.375% Senior Notes due 2025 |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
993 |
ā |
Sirius XM 5.375% Senior Notes due 2026 |
ā |
ā |
1,000 |
ā |
ā |
993 |
ā |
992 |
ā |
Sirius XM 5.0% Senior Notes due 2027 |
ā |
ā |
1,500 |
ā |
ā |
1,490 |
ā |
1,488 |
ā |
Sirius XM 5.50% Senior Notes due 2029 |
ā |
ā |
1,250 |
ā |
ā |
1,237 |
ā |
1,236 |
ā |
Sirius XM 4.125% Senior Notes due 2030 |
ā |
ā |
1,500 |
ā |
ā |
1,484 |
ā |
ā |
ā |
Pandora 1.75% Convertible Senior Notes due 2020 |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
1 |
ā |
Pandora 1.75% Convertible Senior Notes due 2023 |
ā |
ā |
193 |
ā |
ā |
170 |
ā |
163 |
ā |
Sirius XM Senior Secured Revolving Credit Facility |
ā |
Ģż |
649 |
Ģż |
ā |
649 |
Ģż |
ā |
ā |
Deferred financing costs |
ā |
ā |
ā |
ā |
ā |
(12) |
ā |
(11) |
ā |
Total Ļć½¶“«Ć½ SiriusXM Group |
ā |
ā |
12,651 |
ā |
ā |
13,000 |
ā |
9,245 |
ā |
Braves Group |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
Subsidiary notes and loans: |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
Notes and loans |
ā |
ā |
674 |
ā |
ā |
674 |
ā |
559 |
ā |
Deferred financing costs |
ā |
ā |
ā |
ā |
ā |
(4) |
ā |
(5) |
ā |
Total Braves Group |
ā |
ā |
674 |
ā |
ā |
670 |
ā |
554 |
ā |
Formula One Group |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
Corporate level notes and loans: |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
1.375% Cash Convertible Notes due 2023 (1) |
ā |
ā |
NA |
ā |
ā |
NA |
Ģż |
1,322 |
ā |
1% Cash Convertible Notes due 2023 (1) |
ā |
ā |
450 |
ā |
ā |
582 |
ā |
585 |
ā |
2.25% Exchangeable Senior Debentures due 2046 (1) |
ā |
ā |
203 |
ā |
ā |
209 |
ā |
257 |
ā |
2.25% Exchangeable Senior Debentures due 2048 (1) |
ā |
ā |
NA |
ā |
ā |
NA |
ā |
459 |
ā |
Live Nation Margin Loan |
ā |
ā |
NA |
ā |
ā |
NA |
ā |
130 |
ā |
Other |
ā |
ā |
74 |
ā |
ā |
74 |
ā |
32 |
ā |
Subsidiary notes and loans: |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
ā |
Senior Loan Facility |
ā |
ā |
2,902 |
ā |
ā |
2,904 |
ā |
2,907 |
ā |
Deferred financing costs |
ā |
ā |
ā |
ā |
ā |
(10) |
ā |
(15) |
ā |
Total Formula One Group |
ā |
ā |
3,629 |
Ģż |
ā |
3,759 |
Ģż |
5,677 |
ā |
Total debt |
ā |
$ |
16,954 |
ā |
ā |
17,429 |
ā |
15,476 |
ā |
Less debt classified as current |
ā |
ā |
ā |
Ģż |
ā |
(743) |
Ģż |
(60) |
ā |
Total long-term debt |
ā |
ā |
ā |
ā |
$ |
16,686 |
Ģż |
15,416 |
ā |
(1) Measured at fair value
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|
| 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 Holdingsā publicly traded debt securities is as follows (amounts in millions):
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|
|
|
ā |
ĢżĢżĢżĢż |
DecemberĢż31, |
Ģż |
ā |
ā |
2020 |
Ģż |
Sirius XM 3.875% Senior Notes due 2022 |
ā |
$ |
1,011 |
ā |
Sirius XM 4.625% Senior Notes due 2024 |
ā |
$ |
1,553 |
ā |
Sirius XM 5.375% Senior Notes due 2026 |
ā |
$ |
1,043 |
ā |
Sirius XM 5.0% Senior Notes due 2027 |
ā |
$ |
1,584 |
ā |
Sirius XM 5.50% Senior Notes due 2029 |
ā |
$ |
1,370 |
ā |
Sirius XM 4.125% Senior Notes due 2030 |
ā |
$ |
1,584 |
ā |
Pandora 1.75% Senior Notes due 2023 |
ā |
$ |
216 |
ā |
|
| 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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ā |
ā |
ā |
ā |
2021 |
ĢżĢżĢżĢż |
$ |
69 |
ā |
2022 |
ā |
$ |
1,872 |
ā |
2023 |
ā |
$ |
2,461 |
ā |
2024 |
ā |
$ |
4,460 |
ā |
2025 |
ā |
$ |
117 |
ā |
|