Frontier Communications 2010 Annual Report Download - page 75

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based on our estimate of useful lives, is estimated to be approximately $510 million in 2011, $420 million in
2012, $350 million in 2013, $285 million in 2014 and $240 million in 2015.
(7) Long-Term Debt:
The activity in our long-term debt from December 31, 2009 to December 31, 2010 is summarized as
follows:
($ in thousands)
December 31,
2009 Payments
Debt
Assumed in
the Transaction
New
Borrowings
December 31,
2010
Interest
Rate* at
December 31,
2010
Year Ended
December 31, 2010
Rural Utilities Service
Loan Contracts . . . . . . . . . $ 15,600 $(4,386) $ — $— $ 11,214 6.15%
Senior Unsecured Debt. . . . 4,855,001 (2,850) 3,450,079 — 8,302,230 8.04%
Industrial Development
Revenue Bonds . . . . . . . . 13,550 — — — 13,550 6.33%
TOTAL LONG-TERM
DEBT ................. $4,884,151 $(7,236) $3,450,079 $— $8,326,994 8.04%
Less: Debt Discount . . . . . . (82,786) (63,299)
Less: Current Portion . . . . . (7,236) (280,002)
$4,794,129 $7,983,693
*Interest rate includes amortization of debt issuance costs, debt premiums or discounts, and deferred gain on
interest rate swap terminations. The interest rates at December 31, 2010 represent a weighted average of
multiple issuances.
F-16
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements