AutoNation 2000 Annual Report Download - page 35

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amount we would pay or receive to terminate the agreements.
Expected Maturity Date
-------------------------------------------------------------------------------------------
December 31, 2000 2001 2002 2003 2004 2005 Thereafter Total
--------------------------------- -------------- ------------ ------------ ------------ ---------- ------------ -------------
(Liability/(asset) in millions)
CONTINUING OPERATIONS:
Variable rate debt .............. $ 2,416.7 $ 790.8 $ -- $ -- $ -- $ -- $ 3,207.5
Average interest rates ......... 6.77% 6.67% -- -- -- --
Interest rate caps(1) ........... $ 125.5 $ 127.0 $ 130.9 $ 119.6 $ 63.2 $ 10.1 $ 576.3
Average rate ................... 6.62% 6.62% 6.62% 6.62% 6.62% 6.62%
Interest rate floors(1) ......... $ 125.5 $ 127.0 $ 130.9 $ 119.6 $ 63.2 $ 10.1 $ 576.3
Average rate ................... 6.62% 6.62% 6.62% 6.62% 6.62% 6.62%
Fair Value
December 31,
December 31, 2000 2000
--------------------------------- -------------
(Liability/(a
asset) in
millions)
CONTINUING OPERATIONS:
Variable rate debt .............. $ 3,207.5
Average interest rates .........
Interest rate caps(1) ........... $ (2.6)
Average rate ...................
Interest rate floors(1) ......... $ 14.3
Average rate ...................
33
Expected Maturity Date
------------------------------------------------------------------------------------------
December 31, 1999 2000 2001 2002 2003 2004 Thereafter Total
---------------------------------- ------------- ----------- ------------ ------------ ----------- ------------ -------------
(Liability/(asset) in millions)
CONTINUING OPERATIONS:
Variable rate debt ............... $ 2,240.9 $ 2.3 $ 821.5 $ -- $ -- $ -- $ 3,064.7
Average interest rates ......... 7.12% 7.58% 7.86% -- -- --
Interest rate swaps .............. $ 150.0 -- -- -- -- -- $ 150.0
Average pay rate ............... 5.96% -- -- -- -- --
Average receive rate ........... 5.82% -- -- -- -- --
Interest rate caps(1) ............ $ 197.1 $ 220.6 $ 229.9 $ 202.4 $ 145.4 $ 21.9 $ 1,017.3
Average rate ................... 6.15% 6.15% 6.15% 6.15% 6.15% 6.15%
Interest rate floors(1) .......... $ 197.1 $ 220.6 $ 229.9 $ 202.4 $ 145.4 $ 21.9 $ 1,017.3
Average rate ................... 6.10% 6.10% 6.10% 6.10% 6.10% 6.10%
DISCONTINUED
OPERATIONS:
Variable rate debt ............... $ 1,600.8 $ 3.2 $ 35.0 $ 550.0 $ -- $ 700.0 $ 2,889.0
Average interest rates ......... 6.00% 6.50% 5.56% 6.72% -- 6.71%
Interest rate swaps .............. $ 300.0 $ 100.0 -- $ 200.0 -- -- $ 600.0
Average pay rate ............... 5.96% 5.63% -- 5.59% -- --
Average receive rate ........... 6.67% 7.32% -- 7.50% -- --
Interest rate caps ............... -- -- -- $ 550.0 -- $ 700.0 $ 1,250.0
Average rate ................... -- -- -- 5.73% -- 6.26%
Interest rate floors ............. -- -- -- $ 550.0 -- $ 700.0 $ 1,250.0
Average rate ................... -- -- -- 5.73% -- 6.26%
Fair Value
December 31,
December 31, 1999 1999
---------------------------------- -------------
(Liability/(a
asset) in
millions)
CONTINUING OPERATIONS:
Variable rate debt ............... $ 3,064.7
Average interest rates .........
Interest rate swaps .............. $ (.1)
Average pay rate ...............
Average receive rate ...........
Interest rate caps(1) ............ $ (18.5)
Average rate ...................
Interest rate floors(1) .......... $ 7.7
Average rate ...................
DISCONTINUED
OPERATIONS:
Variable rate debt ............... $ 2,889.0
Average interest rates .........
Interest rate swaps .............. $ (6.8)
Average pay rate ...............
Average receive rate ...........
Interest rate caps ............... $ (66.4)
Average rate ...................
Interest rate floors ............. $ 15.2
Average rate ...................