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SPECTRUM BRANDS HOLDINGS, INC.
SB/RH HOLDINGS, LLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
Certain trade names intangible assets have an indefinite life and are not amortized. The balance of trade names
not subject to amortization was $1,490.3 million and $1,174.3 million as of September 30, 2015 and 2014. There
was no impairment loss on indefinite-lived trade names for the years ended September 30, 2015, 2014 or 2013.
Amortization expense from intangible assets for the years ended September 30, 2015, 2014 and 2013 was
$87.8 million, $81.7 million and $77.8 million, respectively. Excluding the impact of any future acquisitions or
changes in foreign currency, the Company anticipates the annual amortization for each of the next five years to
be the following:
Amortization
(in millions)
2016 ........................................... $93.9
2017 ........................................... 93.0
2018 ........................................... 86.2
2019 ........................................... 85.1
2020 ........................................... 84.9
NOTE 9—DEBT
Debt as of September 30, 2015 and 2014 consists of the following:
Spectrum Brands Holdings, Inc. SB/RH Holdings, LLC
2015 2014 2015 2014
Amount Rate Amount Rate Amount Rate Amount Rate
(in millions)
Term loan, variable rate, due June 23, 2022 .......... $1,226.9 3.9%$ — — % $1,226.9 3.9% $ — — %
Term loan, variable rate, due September 4, 2017
(Tranche A) ................................. — — % 648.4 3.0% — — % 648.4 3.0%
Term loan, variable rate, due September 4, 2019
(Tranche C) ................................. — — % 509.9 3.6% — — % 509.9 3.6%
CAD Term Loan, variable rate, due June 23, 2022 .... 55.7 4.4% — — % 55.7 4.4% — — %
CAD Term Loan, variable rate, due December 17,
2019 ...................................... — — % 34.2 5.1% — — % 34.2 5.1%
Euro Term Loan, variable rate, due June 23, 2022 ..... 255.8 3.5% — — % 255.8 3.5% — — %
Euro Term Loan, variable rate, due September 4,
2019 ...................................... — — % 283.3 3.8% — — % 283.3 3.8%
5.75% Notes, due July 15, 2025 ................... 1,000.0 5.8% — — % 1,000.0 5.8% — — %
6.125% Notes, due December 15, 2024 ............. 250.0 6.1% — — % 250.0 6.1% — — %
6.375% Notes, due November 15, 2020 ............. 520.0 6.4% 520.0 6.4% 520.0 6.4% 520.0 6.4%
6.625% Notes, due November 15, 2022 ............. 570.0 6.6% 570.0 6.6% 570.0 6.6% 570.0 6.6%
6.75% Notes, due March 15, 2020 ................. — — % 300.0 6.8% — — % 300.0 6.8%
Revolver Facility, variable rate, expiring June 23,
2020 ...................................... — — % — — % — — % — — %
Other notes and obligations ...................... 11.2 10.2% 36.6 8.8% 45.9 4.9% 52.4 6.7%
Obligations under capital leases ................... 88.2 5.7% 94.7 6.1% 88.2 5.7% 94.7 6.1%
Total debt .................................... 3,977.8 2,997.1 4,012.5 3,012.9
Unamortized discount on debt .................... (6.8) (6.3) (6.8) (6.2)
Less current portion ............................ (33.8) (96.7) (68.5) (112.6)
Long-term debt, net of current portion .............. $3,937.2 $2,894.1 $3,937.2 $2,894.1
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