SunTrust 2006 Annual Report Download - page 113

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Note 12 - Long-Term Debt
Long term debt at December 31 consisted of the following:
(Dollars in thousands) 2006 2005
Parent Company Only
Senior
Floating rate notes due 2007 based on three month LIBOR + .08% $100,000 $100,000
5.05% notes due 2007 299,319 300,445
3.625% notes due 2007 249,884 249,759
6.25% notes due 2008 285,884 283,089
4.00% notes due 2008 349,636 349,461
4.25% notes due 2009 299,298 299,078
Floating rate notes due 2019 based on three month LIBOR + .15% 50,563 50,563
6.00% notes due 2028 221,657 221,603
Other -13,859
Total senior debt - Parent 1,856,241 1,867,857
Subordinated
7.375% notes due 2006 -199,940
7.75% notes due 2010 287,473 286,962
6.00% notes due 2026 199,897 199,878
Total subordinated debt - Parent 487,370 686,780
Junior Subordinated
7.90% notes due 20271250,000 249,978
Floating rate notes due 2027 based on three month LIBOR + .67%1349,731 349,662
Floating rate notes due 2027 based on three month LIBOR + .98%134,029 34,029
Floating rate notes due 2028 based on three month LIBOR + .65%1249,729 249,599
7.125% notes due 20311,2 -300,000
7.05% notes due 20311,2 -300,000
7.70% notes due 20311,2 -200,000
5.588% notes due 20421500,000 -
6.10% notes due 20361999,700 -
Total junior subordinated debt - Parent 2,383,189 1,683,268
Total Parent Company (excluding intercompany of $189,835 in 2006 and 2005) 4,726,800 4,237,905
Subsidiaries
Senior
Floating rate notes due 2006 based on three month LIBOR -1,000,000
2.125% notes due 2006 -150,000
2.50% notes due 2006 -399,976
Floating rate notes due 2008 based on three month LIBOR + .08% 500,000 500,000
Floating rate notes due 2009 based on three month LIBOR + .10% 400,000 400,000
4.55% notes due 2009 199,912 199,871
Equity linked notes due 2009-2037 68,669 32,856
Floating rate euro notes due 2011 based on three month EURIBOR + .11% 1,319,000 -
Floating rate notes due 2018 based on six month LIBOR -283,769
Capital lease obligations 20,593 20,994
FHLB advances (2006 and 2005: 0.00 - 8.79%) 7,738,092 9,027,134
Direct finance lease obligations 254,092 267,693
Other 395,370 402,187
Total senior debt - subsidaries 10,895,728 12,684,480
Subordinated
7.25% notes due 2006 -249,910
6.90% notes due 2007 98,705 97,010
6.375% notes due 2011 959,523 961,984
5.00% notes due 2015 530,760 538,938
Floating rate notes due 2015 based on three month LIBOR + .30% 200,000 200,000
Floating rate notes due 2015 based on three month LIBOR + .29% 300,000 300,000
5.45% notes due 2017 496,229 506,922
5.20% notes due 2017 342,897 349,466
6.50% notes due 2018 140,478 140,565
5.40% notes due 2020 301,785 312,069
Total subordinated debt - subsidaries 3,370,377 3,656,864
Junior Subordinated
8.16% notes due 20261,2 -200,000
Total junior subordinated debt - subsidaries -200,000
Total subsidiaries 14,266,105 16,541,344
Total long-term debt $18,992,905 $20,779,249
1Notes payable to trusts formed to issue Trust Preferred Securities totaled $2.4 billion and $1.9 billion at December 31, 2006 and 2005, respectively.
2Debt was extinguished in 2006 prior to the contractual repayment date. The Company recognized a net loss of $11.7 million as a result of the prepayment.
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