Rayovac 2013 Annual Report Download - page 107

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SPECTRUM BRANDS HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(Amounts in thousands, except per share figures)
(6) DEBT
Debt consists of the following:
September 30, 2013 September 30, 2012
Amount Rate Amount Rate
Term Loan, due December 17, 2019 ............................. $ 594,709 4.7% $ — —
Term Loan, due September 4, 2019 .............................. 300,000 3.6% — —
Term Loan, due September 4, 2017 .............................. 850,000 3.0% — —
Former term loan facility ...................................... — — 370,175 5.1%
9.5% Notes, due June 15, 2018 ................................. — — 950,000 9.5%
6.375% Notes, due November 15, 2020 .......................... 520,000 6.4% — —
6.625% Notes, due November 15, 2022 .......................... 570,000 6.6% — —
6.75% Notes, due March 15, 2020 ............................... 300,000 6.8% 300,000 6.8%
ABL Facility, expiring May 24, 2017 ............................ — 5.7% — 4.3%
Other notes and obligations .................................... 28,468 8.5% 18,059 10.9%
Capitalized lease obligations ................................... 67,402 6.2% 26,683 6.2%
$3,230,579 $1,664,917
Original issuance (discounts) premiums on debt .................... (11,716) 4,383
Less: current maturities ....................................... 102,921 16,414
Long-term debt ............................................. $3,115,942 $1,652,886
The Company’s aggregate scheduled maturities of debt and capital lease obligations as of September 30,
2013 are as follows:
2014 ........................................................... $ 102,921
2015 ........................................................... 79,252
2016 ........................................................... 77,717
2017 ........................................................... 671,668
2018 ........................................................... 11,906
Thereafter ...................................................... 2,287,115
$3,230,579
The Company has the following debt instruments outstanding at September 30, 2013: (i) a senior secured
term loan pursuant to a senior credit agreement (the “Senior Credit Agreement”); (ii) 6.75% unsecured notes (the
“6.75% Notes”); (iii) 6.375% unsecured notes (the “6.375% Notes”); (iv) 6.625% unsecured notes (the “6.625%
Notes”); and (v) a $400 million asset based lending revolving credit facility (the “ABL Facility,” and, together
with the Term Loan, (the “Senior Credit Facilities”).
Term Loan
On December 17, 2012, Spectrum Brands entered into a senior term loan facility, maturing December 17,
2019, which provides for borrowings in an aggregate principal amount of $800,000, with $100,000 in Canadian
dollar equivalents (the “HHI Term Loan”) in connection with the acquisition of the HHI Business. A portion of
the HHI Term Loan proceeds were used to refinance the former term loan facility, which was scheduled to
mature on June 17, 2016, and had an aggregate amount outstanding of $370,175 prior to refinancing. In
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