Albertsons 2010 Annual Report Download - page 55

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NOTE 6—LONG-TERM DEBT
The Company’s long-term debt and capital lease obligations consisted of the following:
2010 2009
1.10% to 3.25% Revolving Credit Facility and Variable Rate Notes due June 2011—
June 2012 $1,415 $1,920
8.00% Notes due May 2016 1,000 —
7.50% Notes due February 2011 679 700
7.45% Debentures due August 2029 650 650
7.50% Notes due November 2014 490 500
6.34% to 7.15% Medium Term Notes due July 2012—June 2028 440 512
8.00% Debentures due May 2031 400 400
7.50% Notes due May 2012 300 300
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
8.35% Notes due May 2010 155 275
7.90% Debentures due May 2017 96 96
Accounts Receivable Securitization Facility — 120
Notes and debentures paid off during fiscal 2010 — 891
Other 104 97
Net discount on debt, using an effective interest rate of 6.28% to 8.97% (258) (208)
Capital lease obligations 1,267 1,334
Total debt and capital lease obligations 7,635 8,484
Less current maturities of long-term debt and capital lease obligations (613) (516)
Long-term debt and capital lease obligations $7,022 $7,968
Future maturities of long-term debt, excluding the net discount on the debt and capital lease obligations, as of
February 27, 2010 consist of the following:
Fiscal Year
2011 $ 979
2012 321
2013 1,292
2014 245
2015 508
Thereafter 3,281
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.
During fiscal 2007, the Company entered into senior secured credit facilities provided by a group of lenders
consisting of a five-year revolving credit facility (the “Revolving Credit Facility”), a five-year term loan
(“Term Loan A”) and a six-year term loan (“Term Loan B”). As of February 27, 2010, there was $16 of
outstanding borrowings under the Revolving Credit Facility at 3.25 percent, Term Loan A had a remaining
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