Rogers 2006 Annual Report Download - page 99

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95
RO GER S CO MMU NIC AT ION S IN C . 20 0 6 ANN UA L RE POR T
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
15 L ONG-TERM DE BT
Due Principal Interest
date amount rate 2006 2005
Corporate:
Senior Notes 2006 $ 75 10.50% $ – $ 75
Senior Secured Notes 2008 U.S. 22 10.625% – 26
Fair value increment arising from purchase accounting – 1
– 102
Wireless (a):
Bank credit facility Floating – 71
Senior Secured Notes 2006 160 10.50% – 160
Floating Rate Senior Secured Notes 2010 U.S. 550 Floating 641 641
Senior Secured Notes 2011 U.S. 490 9.625% 571 571
Senior Secured Notes 2011 460 7.625% 460 460
Senior Secured Notes 2012 U.S. 470 7.25% 548 548
Senior Secured Notes 2014 U.S. 750 6.375% 874 875
Senior Secured Notes 2015 U.S. 550 7.50% 641 641
Senior Secured Debentures 2016 U.S. 155 9.75% 181 181
Senior Subordinated Notes 2012 U.S. 400 8.00% 466 467
Fair value increment arising from purchase accounting 36 44
4,418 4,659
Cable (b):
Bank credit facility Floating – 267
Senior Secured Second Priority Notes 2007 450 7.60% 450 450
Senior Secured Second Priority Notes 2011 175 7.25% 175 175
Senior Secured Second Priority Notes 2012 U.S. 350 7.875% 408 408
Senior Secured Second Priority Notes 2013 U.S. 350 6.25% 408 408
Senior Secured Second Priority Notes 2014 U.S. 350 5.50% 408 408
Senior Secured Second Priority Notes 2015 U.S. 280 6.75% 326 327
Senior Secured Second Priority Debentures 2032 U.S. 200 8.75% 233 233
2,408 2,676
Media (c):
Bank credit facility Floating 160 274
Mortgages and other Various 2 28
6,988 7,739
Less current portion 451 286
$ 6,537 $ 7,453
things, that Wireless satisfy certain financial covenants, including
the maintenance of certain financial ratios.
This credit facility is available on a fully revolving basis until the first
date specified below, at which time, the facility becomes a revolving/
reducing facility and the aggregate amount of credit available under
the facility will be reduced by the following amounts:
On April 30:
2008 $ 140
2009 140
2010 420
Further details of long-term debt are as follows:
(A) WIRELESS:
(i) Bank c redit facility:
Wireless’ bank credit facility provides Wireless with up to $700 mil-
lion from a consortium of Canadian financial institutions. Under the
credit facility, Wireless may borrow at various rates, including the
bank prime rate or base rate to the bank prime rate or base rate plus
13/4% per annum, the bankers’ acceptance rate plus 1% to 23/4% per
annum and the London Inter-Bank Offered Rate (“LIBOR”) plus 1% to
23/4% per annum. Wireless’ bank credit facility requires, among other