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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
70
Senior Unsecured Notes
The Company's senior unsecured notes consisted of the following (in millions):
Principal Amount Carrying Amount
December 31, December 31, December 31,
Issuance Maturity Date Rate 2013 2013 2012
2013 Notes(1) May 1, 2013 6.12% $ — $ — $ 250
2016 Notes January 15, 2016 2.90% 500 500 500
2018 Notes May 1, 2018 6.82% 724 724 724
2019 Notes January 15, 2019 2.60% 250 248 253
2020 Notes January 15, 2020 2.00% 250 241 247
2021 Notes November 15, 2021 3.20% 250 241 254
2022 Notes November 15, 2022 2.70% 250 247 249
2038 Notes May 1, 2038 7.45% 250 252 271
$ 2,474 $ 2,453 $ 2,748
_________________________
(1) The repayment of the 2013 Notes occurred on May 1, 2013 at maturity.
The indentures governing the senior unsecured notes, among other things, limit the Company's ability to incur indebtedness
secured by principal properties, to enter into certain sale and leaseback transactions and to enter into certain mergers or transfers
of substantially all of DPS' assets. The senior unsecured notes are guaranteed by substantially all of the Company's existing and
future direct and indirect domestic subsidiaries. As of December 31, 2013, the Company was in compliance with all financial
covenant requirements.
The 2020 and 2022 Notes
On November 20, 2012, the Company completed the issuance of $500 million aggregate principal amount of senior unsecured
notes consisting of $250 million aggregate principal amount of the 2020 Notes and $250 million aggregate principal amount of
the 2022 Notes. The discount associated with these notes was approximately $3 million. The net proceeds from the issuance were
used to repay the aggregate principal amount of the 2.35% senior notes due December 21, 2012 (the "2012 Notes") at maturity
and for general corporate purposes.
The 2019 and 2021 Notes
On November 15, 2011, the Company completed the issuance of $500 million aggregate principal amount of senior unsecured
notes consisting of $250 million aggregate principal amount of the 2019 Notes and $250 million aggregate principal amount of
the 2021 Notes. The discount associated with these notes was approximately $1 million. The net proceeds from the issuance were
used to repay the aggregate principal amount of the 1.70% senior notes due December 21, 2011 at maturity and for general corporate
purposes.
The 2016 Notes
On January 11, 2011, the Company completed the issuance of $500 million aggregate principal amount of the 2016 Notes at
a discount of $1 million. The net proceeds from the issuance were used to replace a portion of the cash used to purchase the 2018
Notes tendered pursuant to the tender offer described below.
The 2013, 2018 and 2038 Notes
On April 30, 2008, the Company completed the issuance of $1,700 million aggregate principal amount of senior unsecured
notes consisting of $250 million aggregate principal amount of the 2013 Notes, $1,200 million aggregate principal amount of the
2018 Notes and $250 million aggregate principal amount of the 2038 Notes.