ADT 2007 Annual Report Download - page 218

TYCO INTERNATIONAL LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
12. Related Party Transactions (Continued)
a $20 million payment by Tyco, $10 million of which was paid to Mr. Walsh with the balance paid to a
charity of which Mr. Walsh is trustee. The payment was purportedly made for Mr. Walsh’s assistance in
arranging our acquisition of The CIT Group, Inc. On December 17, 2002, Mr. Walsh pleaded guilty to
a felony violation of New York law in the Supreme Court of the State of New York, (New York
County) and settled a civil action for violation of federal securities laws brought by the SEC in United
States District Court for the Southern District of New York. Both the felony charge and the civil action
were brought against Mr. Walsh based on such payment. The felony charge accused Mr. Walsh of
intentionally concealing information concerning the payment from Tyco’s directors and shareholders
while engaged in the sale of Tyco securities in the State of New York. The SEC action alleged that
Mr. Walsh knew that the registration statement covering the sale of Tyco securities as part of the CIT
Group acquisition contained a material misrepresentation concerning fees payable in connection with
the acquisition. Pursuant to the plea and settlement, Mr. Walsh paid $20 million in restitution to Tyco
on December 17, 2002. Our claims against Mr. Walsh are still pending.
13. Debt
Debt at September 28, 2007 and September 29, 2006 is as follows ($ in millions):
2007 2006
6.125% Euro denominated public notes due 2007(2) ............ $ — $ 762
Revolving bank credit facility due 2007 ..................... — 700
364-day senior bridge loan facility due 2008(1) ................ 367 —
6.125% public notes due 2008 ........................... 300 399
5.5% Euro denominated notes due 2008 .................... — 869
6.125% public notes due 2009 ........................... 215 399
6.75% public notes due 2011 ............................ 516 999
6.375% public notes due 2011 ........................... 849 1,500
6.5% British pound denominated public notes due 2011 ......... — 373
Revolving senior credit facility due 2012 .................... 308 —
6.0% notes due 2013 .................................. 654 997
3.125% convertible senior debentures due 2023 ............... 21 750
7.0% public notes due 2028 ............................. 437 497
6.875% public notes due 2029 ........................... 723 790
6.5% British pound denominated public notes due 2031 ......... — 536
Other(1)(2) .......................................... 66 53
Total debt .......................................... 4,456 9,624
Less current portion .................................. 380 771
Long-term debt ...................................... $4,076 $8,853
(1) These instruments, plus $13 million of the amount shown as other, comprise the current portion of long-term debt as of
September 28, 2007.
(2) These instruments, plus $9 million of the amount shown as other, comprise the current portion of long-term debt as of
September 29, 2006.
126 2007 Financials