Kodak 2008 Annual Report Download - page 72

70
Long-Term Debt, Including Lines of Credit
Long-term debt and related maturities and interest rates were as follows:
As of December 31,
(in millions) 2008 2007
Weighted-
Average
Weighted-
Average
Interest Amount Interest Amount
Country Type Maturity Rate Outstanding Rate Outstanding
U.S. Medium-term 2008 - $ - 3.63% $ 250
U.S. Term note 2006-2013 6.16% 43 6.16% 50
Germany Term note 2006-2013 6.16% 171 6.16% 201
U.S. Term note 2013 7.25% 500 7.25% 500
U.S. Term note 2018 9.95% 3 9.95% 3
U.S. Term note 2021 9.20% 10 9.20% 10
U.S. Convertible 2033 3.38% 575 3.38% 575
1,302 1,589
Current portion of long-term debt (50) (300)
Long-term debt, net of current portion $ 1,252 $ 1,289
Annual maturities (in millions) of long-term debt outstanding at December 31, 2008 were as follows:
2009 $ 50
2010 (1) 620
2011 43
2012 40
2013 536
2014 and thereafter 13
Total $ 1,302
(1) The outstanding debt of $620 million maturing in 2010 noted in the table above includes $575 million aggregate principal
amount of Convertible Senior Notes due 2033 (the “Convertible Securities”). While the Convertible Securities are due in 2033,
on October 15, 2010 the security holders will have the right to require the Company to purchase their Convertible Securities for
cash at a price equal to 100% of the principal amount of the Convertible Securities, plus any accrued and unpaid interest.
Because the Company believes it is probable that all, or nearly all, of the Convertible Securities will be redeemed by the
security holders at that time, the full amount of the outstanding Convertible Securities is presented as maturing in 2010 in the
table above.