SunTrust 2007 Annual Report Download - page 115

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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) 2007 2006
Parent Company Only
Senior
Floating rate notes due 2007 based on three month LIBOR + .08% $- $100,000
5.05% notes due 2007 -299,319
3.625% notes due 2007 -249,884
6.25% notes due 20083295,032 285,884
4.00% notes due 2008 349,827 349,636
4.25% notes due 2009 299,535 299,298
5.25% notes due 20123503,802 -
6.00% notes due 2017 499,962 -
Floating rate notes due 2019 based on three month LIBOR + .15% 50,563 50,563
6.00% notes due 2028 221,688 221,657
Total senior debt – Parent 2,220,409 1,856,241
Subordinated
7.75% notes due 20103320,140 287,473
6.00% notes due 2026 199,900 199,897
Total subordinated debt – Parent 520,040 487,370
Junior Subordinated
7.90% notes due 20271,2 -250,000
Floating rate notes due 2027 based on three month LIBOR + .67%1349,740 349,731
Floating rate notes due 2027 based on three month LIBOR + .98%134,030 34,029
Floating rate notes due 2028 based on three month LIBOR + .65%1249,736 249,729
6.10% notes due 20361999,831 999,700
5.588% notes due 20421500,000 500,000
Total junior subordinated debt – Parent 2,133,337 2,383,189
Total Parent Company (excluding intercompany of $189,835 in 2007 and 2006) 4,873,786 4,726,800
Subsidiaries
Senior
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 199,946 199,912
Equity linked notes due 2009-2037 -68,669
Floating rate euro notes due 2011 based on three month EURIBOR + .11% 1,458,400 1,319,000
Floating rate sterling notes due 2012 based on GBP LIBOR + .12% 793,120 -
Floating rate notes due 2012 based on three month LIBOR + .11% 1,000,000 -
Capital lease obligations 17,124 20,593
FHLB advances (0.00% – 8.79%; advances at fair value
$3,665,928 at December 31, 2007) 9,687,173 7,738,092
Direct finance lease obligations 260,760 254,092
Other 463,674 395,370
Total senior debt – subsidiaries 14,780,197 10,895,728
Subordinated
6.90% notes due 2007 -98,705
6.375% notes due 201131,042,133 959,523
5.00% notes due 20153526,860 530,760
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 20173478,428 496,229
5.20% notes due 20173332,221 342,897
6.50% notes due 2018 140,447 140,478
5.40% notes due 20203282,436 301,785
Total subordinated debt – subsidiaries 3,302,525 3,370,377
Total subsidiaries 18,082,722 14,266,105
Total long-term debt $22,956,508 $18,992,905
1Notes payable to trusts formed to issue Trust Preferred Securities totaled $2.1 billion and $2.4 billion at December 31, 2007 and 2006, respectively.
2Debt was extinguished in 2007 prior to the contractual repayment date. The Company recognized a net loss of $9.8 million as a result of the prepayment.
3Debt recorded at fair value as of December 31, 2007.
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