Rogers 2013 Annual Report Download - page 115

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 18: LONG-TERM DEBT
Due
date
Principal
amount
Interest
rate
December 31,
2013
December 31,
2012
Bank credit facility Floating $– $–
Senior notes 12013 $US 350 6.25% –348
Senior notes 22014 US 750 6.375% 798 746
Senior notes 12014 US 350 5.50% 372 348
Senior notes 22015 US 550 7.50% 585 547
Senior notes 12015 US 280 6.75% 298 279
Senior notes 2016 1,000 5.80% 1,000 1,000
Senior notes 2017 500 3.00% 500 500
Senior notes 2018 US 1,400 6.80% 1,489 1,393
Senior notes 2019 500 5.38% 500 500
Senior notes 2020 900 4.70% 900 900
Senior notes 2021 1,450 5.34% 1,450 1,450
Senior notes 2022 600 4.00% 600 600
Senior notes 2023 US 500 3.00% 532 –
Senior notes 2023 US 850 4.10% 904 –
Debentures 12032 US 200 8.75% 213 199
Senior notes 2038 US 350 7.50% 372 348
Senior notes 2039 500 6.68% 500 500
Senior notes 2040 800 6.11% 800 800
Senior notes 2041 400 6.56% 400 400
Senior notes 2043 US 500 4.50% 532 –
Senior notes 2043 US 650 5.45% 691 –
13,436 10,858
Fair value decrement arising from purchase accounting –(1)
Deferred transaction costs and discounts (93) (68)
Less current portion (1,170) (348)
$ 12,173 $ 10,441
1Senior notes and debentures originally issued by Rogers Cable Inc. which are now unsecured obligations of RCI and for which Rogers Communications Partnership (RCP) is an
unsecured guarantor.
2Senior notes originally issued by Rogers Wireless Inc. which are now unsecured obligations of RCI and for which RCP is an unsecured co-obligor.
Bank Credit and Letter of Credit Facilities
We have a total of $2.5 billion of bank credit and letter of credit facilities. Each of these facilities is unsecured and guaranteed by RCP and ranks
equally with all of our senior notes and debentures.
As at December 31, 2013, there were no advances outstanding under our $2.0 billion bank credit facility and letters of credit outstanding under
our letter of credit facilities totalled $0.5 billion.
The bank credit facility is available on a fully revolving basis until maturity on July 20, 2017 and there are no scheduled reductions prior to maturity.
The interest rate charged on borrowings from the bank credit facility ranges from nil to 1.25% per annum over the bank prime rate or base rate, or
1.00% to 2.25% over the bankers’ acceptance rate or London Inter-Bank Offered Rate.
Senior Notes
Interest is paid semi-annually on all of our senior notes and debentures. We have the option to redeem each of our senior notes and debentures, in
whole or in part, at any time, if we pay the specified premium.
2013 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 111