XM Radio 2009 Annual Report Download - page 180
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(11) Debt
Our debt consists of the following:
Conversion
Price
(per share) 2009 2008
December 31,
SIRIUS Debt
83⁄4% Convertible
Subordinated Notes due 2009(a) ................... $28.46 $ — $ 1,744
31⁄4% Convertible Notes due 2011(b) ................ $ 5.30 230,000 230,000
Less: discount ............................. (1,371) (1,935)
Senior Secured Term Loan due 2012(c) .............. N/A 244,375 246,875
95⁄8% Senior Notes due 2013(d) .................... N/A 500,000 500,000
Less: discount ............................. (3,341) (3,518)
9.75% Senior Secured Notes due 2015(e) ............ N/A 257,000 —
Less: discount ............................. (11,695) —
21⁄2% Convertible Notes due 2009(f) ................ $ 4.41 — 189,586
XM and XM Holdings Debt
10% Convertible Senior Notes due 2009(g) ........... $10.87 — 400,000
Less: discount ............................. — (16,449)
10% Senior Secured Discount Convertible Notes due
2009(h) ................................... $ 0.69 — 33,249
Add: premium ............................. — 34,321
10% Senior PIK Secured Notes due 2011(i) .......... N/A 113,685 —
Less: discount ............................. (7,325) —
11.25% Senior Secured Notes due 2013(j) ............ N/A 525,750 —
Less: discount ............................. (32,259) —
13% Senior Notes due 2013(k) .................... N/A 778,500 778,500
Less: discount ............................. (76,601) (90,018)
9.75% Senior Notes due 2014(l) ................... N/A 5,260 5,260
7% Exchangeable Senior Subordinated Notes due
2014(m) ................................... $1.875 550,000 550,000
Less: discount ............................. (9,707) (10,474)
Senior Secured Term Loan due 2009 ................ N/A — 100,000
Senior Secured Revolving Credit Facility due 2009 ..... N/A — 250,000
Add: premium ............................. — 151
Other debt:
Capital leases ................................. N/A 14,304 23,215
Total debt ..................................... 3,076,575 3,220,507
Less: current maturities ...................... 13,882 399,726
Total long-term ................................. 3,062,693 2,820,781
Less: related party............................ 263,566 —
Total long-term, excluding related party ............... $2,799,127 $2,820,781
F-26
SIRIUS XM RADIO INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)