First Data 2008 Annual Report Download - page 158

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
domestic subsidiaries of the Company other than Integrated Payment Systems Inc. The senior secured facilities contain a number of covenants that, among
other things, restrict the Company's ability to incur additional indebtedness; create liens; enter into sale and leaseback transactions; engage in mergers or
consolidations; sell or transfer assets; pay dividends and distributions or repurchase the Company's or its parent company's capital stock; make investments,
loans or advances; prepay certain indebtedness; make certain acquisitions; engage in certain transactions with affiliates; amend material agreements governing
certain indebtedness and change its lines of business. The senior secured facilities also require the Company to not exceed a maximum senior secured leverage
ratio and contain certain customary affirmative covenants and events of default, including a change of control. The Company is in compliance with all
applicable covenants.
All obligations under the senior publicly tradable notes, senior unsecured cash-pay notes, senior unsecured PIK notes, and senior subordinated
unsecured notes are similarly guaranteed on a subordinated basis in accordance with their terms by each of the Company's domestic subsidiaries that
guarantee obligations under the Company's senior secured term loan facility described above. These notes and facilities also contain a number of covenants
similar to those described for the senior secured term loan facility noted above. The Company is in compliance with all applicable covenants.
Maturities
Aggregate annual maturities of long-term debt are $193.3 million in 2010, $174.6 million in 2011, $138.8 million in 2012, $145.5 million in 2013 and
$21,423.0 million in all periods thereafter.
Note 11: Supplemental Financial Information
Supplemental Statements of Operations Information
The "Other income (expense)" line item of the Consolidated Statements of Operations includes investment gains and (losses), derivative financial
instruments gains and (losses), divestitures, net, debt repayment gains and (losses) and non-operating foreign exchange gains and (losses). The following table
details the components of other income (expense):
Successor Predecessor
(in millions)
Year ended
December 31,
2008
Period from
September 25
through
December 31,
2007
Period from
January 1
through
September 24,
2007
Year ended
December 31,
2006
Investment gains and (losses) $ 21.1 $ 0.9 $ (2.0) $ 11.6
Derivative financial instruments gains and (losses) (12.9) (33.3) (0.6) 33.8
Divestitures, net (8.5) 0.2 6.1 8.0
Debt repayment gains and (losses) 7.0 (17.2) 1.4 (30.8)
Non-operating foreign currency gains and (losses) (21.1) (24.6) — —
Other income (expense) $ (14.4) $ (74.0) $ 4.9 $ 22.6
157