Delta Airlines 2006 Annual Report Download - page 91

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(dollars in millions) 2006 2005
General Electric Capital Corporation(4)
9.87% Notes due in installments from 2007 to July 7, 2011(2)(5) 168 198
9.87% Notes due in installments from 2007 to July 7, 2011(2)(6) 119 134
9.87% Notes due in installments from 2007 to July 7, 2011(2)(7) 271 293
558 625
Other secured debt
8.86% Senior Secured Notes due in installments from 2007 to September 29, 2012(8) 189 235
4.62% to 8.85% Other secured financings due in installments from 2007 to May 9, 2021(2)(9)(10) 1,354 1,715
Total senior secured and secured debt $ 8,024 $ 8,884
Unsecured(9)
Massachusetts Port Authority Special Facilities Revenue Bonds
5.0-5.5% Series 2001A due in installments from 2012 to January 1, 2027 $ 338 $ 338
4.25% Series 2001B due in installments from 2027 to January 1, 2031(2) 80 80
4.3% Series 2001C due in installments from 2027 to January 1, 2031(2) 80 80
7.7% Notes due December 15, 2005 122 122
7.9% Notes due December 15, 2009 499 499
9.75% Debentures due May 15, 2021 106 106
Development Authority of Clayton County, loan agreement
3.98% Series 2000A due June 1, 2029(2) 65 65
4.05% Series 2000B due May 1, 2035(2) 110 110
4.05% Series 2000C due May 1, 2035(2) 120 120
8.3% Notes due December 15, 2029 925 925
8.125% Notes due July 1, 2039 538 538
10.0% Senior Notes due August 15, 2008 248 248
8.0% Convertible Senior Notes due June 3, 2023 350 350
2 7/8% Convertible Senior Notes due February 18, 2024 325 325
3.01% to 10.375% Other unsecured debt due in installments from 2006 to May 1, 2033 703 703
Total unsecured debt 4,609 4,609
Total secured and unsecured debt, including liabilities subject to compromise 12,633 13,493
Less: pre-petition debt classified as liabilities subject to compromise(9)(10) (4,945) (5,766)
Total debt 7,688 7,727
Less: current maturities (1,466) (1,183)
Total long-term debt $ 6,222 $ 6,544
(1) Our senior secured debt and secured debt is collateralized by first liens, and in many cases second and junior liens, on substantially all of our assets,
including but not limited to accounts receivable, owned aircraft, certain spare engines, certain spare parts, certain flight simulators, ground
equipment, landing slots, international routes, equity interests in certain of our domestic subsidiaries, intellectual property and real property. For
more information on the Secured Super-Priority Debtor-in-Possession Credit Agreement and other senior secured debt, see “DIP Credit Facility”
and “Financing Agreement with Amex”, respectively, in this Note.
(2) Our variable interest rate long-term debt is shown using interest rates which represent LIBOR or Commercial Paper plus a specified margin, as
provided for in the related agreements. The rates shown were in effect at December 31, 2006, if applicable.
(3) For additional information about the repayment terms related to these debt maturities, see “Financing Agreement with Amex” in this Note.
(4) For information about the letters of credit issued by, and our related reimbursement obligation to, General Electric Capital Corporation (“GECC”),
see “Letter of Credit Enhanced Special Facility Bonds” and “Reimbursement Agreement and Other GECC Agreements” in this Note.
F-29