JCPenney 2015 Annual Report Download - page 76
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Table of Contents
5.65% Senior Notes Due 2020(1) (2)
$ 400
$ 400
5.75% Senior Notes Due 2018(1) (3)
300
300
6.375% Senior Notes Due 2036(1) (4)
400
400
6.9% Notes Due 2026
2
2
7.125% Debentures Due 2023
10
10
7.4% Debentures Due 2037(5)
326
326
7.625% Notes Due 2097
500
500
7.65% Debentures Due 2016
78
78
7.95% Debentures Due 2017
220
220
8.125% Senior Notes Due 2019 (6)
400
400
2013 Term Loan Facility (7)
2,194
2,216
2014 Term Loan (8)
—
498
Total debt, excluding unamortized debt issuance costs, capital leases and note payable
4,830
5,350
Unamortized debt issuance costs
(61)
(95)
Total debt, excluding capital leases and note payable
4,769
5,255
Less: current maturities
101
28
Total long-term debt, excluding capital leases and note payable
$ 4,668
$ 5,227
Weighted-average interest rate at year end
6.5%
6.4%
Weighted-average maturity (in years)
13 years
In September 2014, we issued $400 million aggregate principal amount of 8.125% Senior Notes due 2019 and used the majority of the $393 million of
proceeds from the offering, net of underwriting discounts, to pay the tender consideration and related transaction fees and expenses for our contemporaneous
cash tender offers (2014 Tender Offers) to purchase approximately $327 million aggregate principal amount of the three outstanding series of debt securities
described below (collectively, the Securities).
6.875% Medium-Term Notes due 2015
$ 200
$ 67.50
$ 140
$ 140
$ 60
7.65% Debentures due 2016
200
105.00
122
122
78
7.95% Debentures due 2017
285
97.50
194
65
220
Total
$ 685
$ 456
$ 327
$ 358
76