OfficeMax 2015 Annual Report Download - page 88
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Table of Contents
Capital lease obligations primarily relate to buildings and equipment.
The Company had short-term borrowings of $4 million at December 26, 2015 under various local currency credit facilities for international subsidiaries that
had an effective interest rate at the end of the year of approximately 4%. The maximum month end amount occurred in June 2015 at $6 million and the
maximum monthly average amount occurred in July 2015 at $5 million. The majority of these short-term borrowings represent outstanding balances on
uncommitted lines of credit, which do not contain financial covenants.
Refer to Note 7 for further information on non-recourse debt.
Aggregate annual maturities of recourse debt and capital lease obligations are as follows:
(In millions)
2016
2017
2018
2019
2020
Thereafter
Total
Less amount representing interest on capital leases
Total
Less:
Current portion
Unamortized debt issuance cost
Total long-term debt
86