Rayovac 2014 Annual Report Download - page 105

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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, 2014 September 30, 2013
Amount Rate Amount Rate
Term Loan, due September 4, 2017 (Tranche A) .................... $ 648,383 3.0% $ 850,000 3.0%
Term Loan, due September 4, 2019 (Tranche C) .................... 509,850 3.6% 300,000 3.6%
CAD Term Loan, due December 17, 2019 ......................... 34,219 5.1% 81,397 5.1%
Term Loan, due December 17, 2019 (Tranche B) ................... — — % 513,312 4.6%
Euro Term Loan, due September 4, 2019.......................... 283,339 3.8% — — %
6.375% Notes, due November 15, 2020 ........................... 520,000 6.4% 520,000 6.4%
6.625% Notes, due November 15, 2022 ........................... 570,000 6.6% 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 ............................ — 2.5% — 5.7%
Other notes and obligations .................................... 36,584 8.8% 28,468 8.5%
Capitalized lease obligations ................................... 94,711 6.1% 67,402 6.2%
$2,997,086 $3,230,579
Original issuance discounts on debt .............................. (6,213) (11,716)
Less: current maturities ....................................... (96,736) (102,921)
Long-term debt .............................................. $2,894,137 $3,115,942
The Company’s aggregate scheduled maturities of debt and capital lease obligations as of September 30,
2014 are as follows:
2015 ........................................................... $ 96,736
2016 ........................................................... 75,990
2017 ........................................................... 559,244
2018 ........................................................... 13,049
2019 ........................................................... 766,459
Thereafter ...................................................... 1,485,608
$2,997,086
The Company has the following debt instruments outstanding at September 30, 2014: (i) a senior secured
term loan pursuant to a senior credit agreement (the “Senior Credit Agreement”) which consists of $648,383
principal due September 4, 2017 (“Tranche A”), $509,850 principal due September 4, 2019 (“Tranche C”),
$34,219 Canadian dollar denominated principal due December 17, 2019 (“CAD Term Loan”) and $283,339 Euro
denominated principal due September 4, 2019 (“Euro Term Loan”) (together, the “Term Loan”); (ii) $300,000
6.75% unsecured notes (the “6.75% Notes”); (iii) $520,000 6.375% unsecured notes (the “6.375% Notes”);
(iv) $570,000 6.625% unsecured notes (the “ 6.625% Notes”); and (v) a $400,000 asset based lending revolving
credit facility (the “ABL Facility”).
Term Loan
On December 17, 2012, the Company 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
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