Ingram Micro 2000 Annual Report Download - page 50

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|.4 3
INGRAM MICRO
plus accrued original issue discount to the date of redemption.Each Debenture is subject to repurchase at the option of the holder,
as of June 9, 2001, June 9, 2003,June 9, 2008,and June 9, 2013, or if there is a Fundamental Change (as defined), at the issue
price plus accrued original issue discount to the date of the redemption.In the event of a repurchase at the option of the holder
(other than upon a Fundamental Change), the Company may, at its option, satisfy the redemption in cash or Class A Common
Stock,or any combination thereof. In the case of any such repurchase as of June 9, 2001,the Company may elect, in lieu of the
payment of cash or Class A Common Stock, to satisfy the redemption by the issuance of new Zero Coupon Convertible Senior
Debentures due 2018.
The Company has additional lines of credit, commercial paper, short-term overdraft facilities, and other credit facilities with
various financial institutions worldwide which aggregated $751,640 and $859,024 at December 30, 2000 and January 1, 2000,
respectively. Most of these arrangements are on an uncommitted basis and are reviewed periodically for renewal.At December 30,
2000 and January 1, 2000,the Company had $250,099 and $403,655, respectively, outstanding under these facilities.The weighted
average interest rate on the outstanding borrowings under these credit facilities was 6.67% and 5.25% at December 30,2000 and
January 1, 2000, respectively.
Other long-term debt, excluding the convertible debentures, consists of the following:
F i s cal Year End
2 0 0 0 1 9 9 9
Revolving Credit facilities $ 7 5, 4 8 4 $ 503,537
Commercial paper 2 9, 5 7 7 155,470
Overdraft facilities 4 2, 7 7 4 31,020
Other 1 7 7, 7 4 8 217,165
3 2 5, 5 8 3 907,192
Cu r r ent maturities of other long-term debt ( 4 2, 7 7 4 ) (31,020)
$2 8 2, 8 0 9 $ 876,172
Annual maturities of other long-term debt as of December 30, 2000,excluding the convertible debentures, are as follows:
2001 $ 4 2, 7 7 4
2002 2 8 2, 8 0 9
$3 2 5, 5 8 3