US Cellular 2015 Annual Report Download - page 59

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31MAR201601274243
ᔢClaims of infringement of intellectual property and proprietary rights of others, primarily involving patent infringement
claims, could prevent TDS from using necessary technology to provide products or services or subject TDS to
expensive intellectual property litigation or monetary penalties, which could have an adverse effect on TDS’ business,
financial condition or results of operations.
ᔢCertain matters, such as control by the TDS Voting Trust and provisions in the TDS Restated Certificate of Incorporation,
may serve to discourage or make more difficult a change in control of TDS.
ᔢAny of the foregoing events or other events could cause revenues, earnings, capital expenditures and/or any other
financial or statistical information to vary from TDS’ forward-looking estimates by a material amount.
TDS undertakes no obligation to update publicly any forward-looking statements whether as a result of new information,
future events or otherwise. Readers should evaluate any statements in light of these important factors.
MARKET RISK
Long-Term Debt
As of December 31, 2015, the majority of TDS’ long-term debt was in the form of fixed-rate notes with maturities ranging
up to 49 years. Fluctuations in market interest rates can lead to significant fluctuations in the fair value of these fixed-rate
notes.
The following chart presents the scheduled principal payments on long-term debt by maturity dates at December 31,
2015:
$-
$100
$200
$300
$400
$500
$600
$700
2016
2018
2020
2022
2024
2026
2028
2030
2032
2034
2036
2038
2040
2042
2044
2046
2048
2050
2052
2054
2056
2058
2060
2062
2064
5.875% - TDS - Retail (TDA) 6.625% - TDS - Retail (TDI)
6.875% - TDS - Retail (TDE) 7.0% - TDS - Retail (TDJ)
6.7% - U.S. Cellular - Institutional 6.95% - U.S. Cellular - Retail (UZA)
7.25% - U.S. Cellular - Retail (UZB) 7.25% - U.S. Cellular - Retail (UZC)
U.S. Cellular Term Loan
51
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS