Albertsons 2009 Annual Report Download - page 60

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2009 2008
1.32% to 3.25% Revolving Credit Facility and Variable Rate Notes
due June 2011—June 2012 $1,920 $1,933
7.50% Notes due February 2011 700 700
7.45% Debentures due August 2029 650 650
6.10% to 7.15% Medium Term Notes due July 2009—June 2028 512 622
7.50% Notes due November 2014 500 500
8.00% Debentures due May 2031 400 400
7.875% Notes due August 2009 350 350
6.95% Notes due August 2009 350 350
7.50% Notes due May 2012 300 300
8.35% Notes due May 2010 275 275
8.00% Debentures due June 2026 272 272
8.70% Debentures due May 2030 225 225
7.75% Debentures due June 2026 200 200
7.25% Notes due May 2013 200 200
7.50% Debentures due May 2037 191 200
7.90% Debentures due May 2017 96 96
Accounts Receivable Securitization Facility, currently 1.21% 120 272
Other 97 112
Net discount on acquired debt, using an effective interest rate of 5.44% to 8.97% (208) (206)
Capital lease obligations 1,334 1,382
Total debt and capital lease obligations 8,484 8,833
Less current maturities of long-term debt and capital lease obligations (516) (331)
Long-term debt and capital lease obligations $7,968 $8,502
Future maturities of long-term debt other than capital lease obligations as of February 28, 2009 consist of the
following:
Fiscal Year
2010 $1,223
2011 1,121
2012 603
2013 1,390
2014 245
Thereafter 2,800
In the table above, future maturities of long-term debt exclude the net discount on acquired debt and original
issue discounts. Fiscal 2010 includes $191 of debentures that contain put options exercisable in May 2009.
Certain of the Company’s credit facilities and long-term debt agreements have restrictive covenants and cross-
default provisions which generally provide, subject to the Company’s right to cure, for the acceleration of
payments due in the event of a breach of the covenant or a default in the payment of a specified amount of
indebtedness due under certain other debt agreements. The Company was in compliance with all such
covenants and provisions for all periods presented.
The Company has senior secured credit facilities in the amount of $4,000. These facilities were provided by a
group of lenders and consist of a $2,000 five-year revolving credit facility (the “Revolving Credit Facility”), a
$750 five-year term loan (“Term Loan A”) and a $1,250 six-year term loan (“Term Loan B”). The rates in
effect on outstanding borrowings under the facilities as of February 28, 2009, based on the Company’s current
56