Comcast 2013 Annual Report Download - page 105

Table of Contents
Comcast Corporation
As of December 31, 2013 and 2012, our debt had an estimated fair value of $51.8 billion and $47.7 billion, respectively. The
estimated fair value of our publicly traded debt is based on quoted market values for the debt. To estimate the fair value of debt for
which there are no quoted market prices, we use interest rates available to us for debt with similar terms and remaining maturities.
See Note 21 for additional information on our subsidiary guarantee structures.
Debt Maturities
2013 Debt Borrowings
2013 Debt Repayments and Redemptions
Redemption Transaction
The Redemption Transaction resulted in the consolidation of an additional $4 billion aggregate principal amount of senior notes
issued by NBCUniversal Enterprise and $1.25 billion of borrowings under the NBCUniversal Enterprise credit facility. The total
consideration for the Redemption Transaction also included $750 million of cash funded through our commercial paper program.
The NBCUniversal Enterprise senior notes are comprised of $1.1 billion aggregate principal amount of 1.662% senior notes due
2018, $1.5 billion aggregate principal amount of 1.974% senior notes due 2019, $700 million aggregate principal amount of floating
rate senior notes due 2016 and $700 million aggregate principal amount of floating rate senior notes due 2018. The floating rate
senior notes due 2016 and 2018 will accrue interest for each quarterly interest period at a rate equal to three-
month London
Interbank Offered Rate (“LIBOR”) plus 0.537% and 0.685%, respectively.
On March 19, 2013, NBCUniversal Enterprise amended and restated the existing credit agreement of NBCUniversal to, among
other things, substitute NBCUniversal Enterprise for NBCUniversal as the sole borrower, reduce the borrowing capacity of the
facility from $1.5 billion to $1.35 billion, extend the term of the facility to March 2018 and revise the interest rate on borrowings. The
interest rate on the credit facility consists of a
(in millions)
Weighted-
Average
Interest Rate
2014
2.343
%
$
3,280
2015
5.899
%
$
3,420
2016
4.265
%
$
3,501
2017
6.977
%
$
2,557
2018
4.510
%
$
5,394
Thereafter
5.451
%
$
29,695
Year ended December 31, 2013 (in millions)
Comcast 4.250% senior notes due 2033
$
1,700
Comcast 2.850% senior notes due 2023
750
Comcast 4.500% senior notes due 2043
500
Total
$
2,950
Year ended December 31, 2013 (in millions)
Comcast 8.375% senior notes due 2013
$
1,714
Comcast 7.125% senior notes due 2013
383
Comcast 7.875% senior notes due 2013
238
Other
109
Total
$
2,444
Comcast 2013 Annual Report on Form 10
-
K
100