Frontier Communications 2011 Annual Report Download - page 79

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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
F-16
(7) Long-Term Debt:
The activity in our long-term debt from December 31, 2010 to December 31, 2011 is summarized as follows:
Interest
Rate* at
December 31
,
New December 31
,
December 31
,
(
$ in thousands
)
2010 Pa
y
ments Borrowin
g
s 2011 2011
Rural Utilities Service
Loan Contracts $ 11,214 $
(
1,017
)
-$ $ 10,197 6.15%
Senior Unsecured Debt 8,302,151 (551,377) 575,000 8,325,774 7.93%
In
dust
ri
a
l D
eve
l
op
m
e
n
t
Revenue Bonds 13,550 - - 13,550 6.33%
TOTAL LONG-TERM
DEBT $ 8,326,915 $
(
552,394
)
575,000$ $ 8,349,521 7.92%
Less: Debt Discount (63,299) (49,664)
Less: Current Portion (280,002) (94,016)
$ 7,983,614 $ 8,205,841
Year Ended
December 31, 2011
* Interest rate includes amortization of debt issuance costs and debt premiums or discounts. The interest rates at December
31, 2011 represent a weighted average of multiple issuances.