Delta Airlines 2002 Annual Report Download - page 148

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Note 6. Debt
The following table summarizes our debt at December 31, 2002 and 2001:
(dollars in millions) 2002 2001
------- ------
SECURED(1)
Series 2000-1 Enhanced Equipment Trust Certificates
7.38% Class A-1 due in installments from 2003 to May 18, 2010 $ 274 $ 308
7.57% Class A-2 due November 18, 2010 738 738
7.92% Class B due November 18, 2010 182 182
7.78% Class C due November 18, 2005 239 239
9.11% Class D due November 18, 2005 176 --
------- ------
1,609 1,467
------- ------
Series 2001-1 Enhanced Equipment Trust Certificates
6.62% Class A-1 due in installments from 2003 to March 18, 2011 262 300
7.11% Class A-2 due September 18, 2011 571 571
7.71% Class B due September 18, 2011 207 207
7.30% Class C due September 18, 2006 170 170
6.95% Class D due September 18, 2006 150 150
------- ------
1,360 1,398
------- ------
Series 2001-2 Enhanced Equipment Trust Certificates
3.11% Class A due in installments from 2003 to December 18, 2011(2) 423 449
4.31% Class B due in installments from 2003 to December 18, 2011(2) 254 282
5.66% Class C due in installments from 2005 to December 18, 2011(2) 80 --
------- ------
757 731
------- ------
Series 2002-1 Enhanced Equipment Trust Certificates
6.72% Class G-1 due in installments from 2003 to January 2, 2023 587 --
6.42% Class G-2 due July 2, 2012 370 --
7.78% Class C due in installments from 2003 to January 2, 2012 169 --
------- ------
1,126 --
------- ------
1.9%-5.9% Other aircraft financings due in installments from 2003 to June 19, 2019(2) 1,555 506
------- ------
Total secured debt 6,407 4,102
------- ------
UNSECURED
1997 Bank Credit Agreement, paid in full and terminated on May 1, 2002 -- 625
Massachusetts Port Authority Special Facilities Revenue Bonds
5.0-5.5% Series 2001A due in installments from 2012 to 2027 338 338
1.3%(2) Series 2001B due in installments from 2027 to January 1, 2031 80 80
1.4%(2) Series 2001C due in installments from 2027 to January 1, 2031 80 80
8.10% Series C Guaranteed Serial ESOP Notes, due in installments from 2003 to 2009 92 290
6.65% Medium-Term Notes, Series C, due March 15, 2004 300 300
7.7% Notes due December 15, 2005 500 500
7.9% Notes due December 15, 2009 499 499
9.75% Debentures due May 15, 2021 106 106
Development Authority of Clayton County, loan agreement,
3.2%(2)Series 2000A due June 1, 2029 65 65
3.3%(2)Series 2000B due May 1, 2035 116 116
3.3%(2) Series 2000C due May 1, 2033 120 120
8.3% Notes due December 15, 2029 925 925
8.125% Notes due July 1, 2039(3) 538 538
5.3% to 10.375% Other unsecured debt due 2003 to 2033 574 620
------- ------
Total unsecured debt 4,333 5,202
------- ------
Total debt 10,740 9,304
------- ------
Less: current maturities 666 1,025
------- ------
Total long-term debt $10,074 $8,279
======= ======
(1) Our secured debt is secured by first mortgage liens on a total of 249
aircraft (69 B-737-800, 32 B-757-200, two B-767-300, 28 B-767-300ER,
six B-767-400, four B-777-200, 93 CRJ-100/200, 11 EMB-120 and four
ATR-72) delivered new to us from March 1992 through December 2002.
These aircraft had an aggregate net book value of approximately $7.0
billion at December 31, 2002.
(2) Our variable interest rate long-term debt is shown using interest rates
in effect at December 31, 2002.
(3) The 8.125% Notes due 2039 are redeemable by us, in whole or in part, at