Costco 2008 Annual Report Download - page 68

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Entity
Credit Facility
Description
Expiration
Date
Total of
all Credit
Facilities
Credit Line Usage at
September 2, 2007
Available
Credit
Applicable
Interest
Rate
Stand-by
LC &
Letter of
Guaranty
Commercial
Letter of
Credit
Short
Term
Borrowing
U.S. ................ Uncommitted
Stand By
Letter of
Credit
N/A $ 24,755 $24,755 $ — $ — $ — N/A
U.S. ................ Uncommitted
Stand By
Letter of
Credit
N/A 210,000 — 46,952 — 163,048 N/A
Canada(1) ........... Revolving
Credit
March-08 113,874 24,122 — — 89,752 5.00%
Japan(1) ............ Revolving
Credit
February-08 38,750 8,611 — 10,333 19,806 1.09%
Japan(1) ............ Revolving
Credit
February-08 30,139 — — 7,750 22,389 1.10%
Korea(1) ............ Multi-
Purpose
Line
March-08 12,792 1,623 388 — 10,781 6.09%
Taiwan ............. Multi-
Purpose
Line
January-08 9,093 1,212 — — 7,881 4.50%
Taiwan ............. Revolving
Credit
July-08 15,154 4,167 — — 10,987 4.44%
Taiwan ............. Revolving
Credit
March-08 9,093 — — — 9,093 4.57%
United Kingdom ...... Revolving
Credit
February-10 80,560 — — 20,140 60,420 6.23%
United Kingdom ...... Uncommitted
Money
Market Line
May-08 40,280 — — 15,609 24,671 6.47%
United Kingdom ...... Overdraft
Line
May-08 70,490 — — — 70,490 6.75%
United Kingdom(2) .... Letter of
Guarantee
N/A 7,243 7,243 — — — N/A
United Kingdom ...... Commercial
Letter of
Credit
N/A 4,028 — — — 4,028 N/A
TOTAL ................ $666,251 $71,733 $47,340 $53,832 $493,346
(1) This entity’s credit facility is guaranteed by the U.S. Parent company, Costco Wholesale Corporation.
(2) The letter of guarantee is fully cash collateralized by the United Kingdom subsidiary.
Note: The Company has letter of credit facilities (for commercial and standby letters of credit) totaling
$286,631. The outstanding commitments under these facilities at September 2, 2007 totaled $119,073,
including $71,733 in standby letters of credit. For those entities with multi-purpose lines, any increase in
either letters of credit (standby and/or commercial) issuance and or short-term borrowing will result in a
corresponding decrease in available credit.
66