US Cellular 2015 Annual Report Download - page 60

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The following table presents the scheduled principal payments on long-term debt and capital lease obligations, and the
related weighted average interest rates by maturity dates at December 31, 2015:
Principal Payments Due by Period
Weighted-Avg. Interest
Long-Term Debt Rates on Long-Term
Obligations1Debt Obligations2
(Dollars in millions)
2016 ................................................. $ 14.3 3.3%
2017 ................................................. 12.1 3.2%
2018 ................................................. 11.4 3.3%
2019 ................................................. 11.4 3.3%
2020 ................................................. 11.4 3.3%
After 5 years ............................................ 2,469.4 6.6%
Total ................................................. $ 2,530.0 6.5%
1The total long-term debt obligation differs from Long-term debt in the Consolidated Balance Sheet due to unamortized debt issuance costs on all
non-revolving debt instruments and unamortized discount related to U.S. Cellular’s 6.7% Senior Notes. See Note 11 — Debt in the Notes to
Consolidated Financial Statements for additional information.
2Represents the weighted average interest rates at December 31, 2015 for debt maturing in the respective periods.
Fair Value of Long-Term Debt
At December 31, 2015 and 2014, the estimated fair value of long-term debt obligations, excluding capital lease
obligations and the current portion of such long-term debt, was $2,483.2 million and $1,932.4 million, respectively. See
Note 2 — Fair Value Measurements in the Notes to Consolidated Financial Statements for additional information.
Other Market Risk Sensitive Instruments
The substantial majority of TDS’ other market risk sensitive instruments (as defined in item 305 of SEC Regulation S-K)
are short-term, including Cash and cash equivalents. Accordingly, TDS believes that a significant change in interest rates
would not have a material effect on such other market risk sensitive instruments.
52
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS