United Airlines 2013 Annual Report Download - page 101
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Table of Contents
Secured
Notes payable, fixed interest rates of 4.00% to 12.00% (weighted average rate of 6.50% as of December 31, 2013), payable
through 2025 $ 6,279 $ 5,943
Notes payable, floating interest rates of the London Interbank Offered Rate (“LIBOR”) plus 0.20% to 5.46%, payable
through 2025 1,243 1,668
Term loan, LIBOR subject to a 1% floor, plus 3%, or alternative rate based on certain market rates plus 2%, due 2019 893 —
Amended credit facility, LIBOR plus 2.0%, due 2014 — 1,201
6.75% senior secured notes due 2015 800 800
9.875% senior secured notes and 12% second lien due 2013 — 600
Unsecured
4.5% senior limited subordination convertible notes due 2021 156 156
6% notes due 2026 to 2028 652 652
6% senior notes due 2020 300 —
6% convertible junior subordinated debentures due 2030 248 248
6.375% senior notes due 2018 300 —
8% notes due 2024 400 400
4.5% convertible notes due 2015 230 230
Other 103 161
11,604 12,059
Less: unamortized debt discount (169) (152)
Less: current portion of long-term debt—United (1,368) (1,812)
Long-term debt, net—United (a) $ 10,067 $ 10,095
6% convertible senior notes due 2029 $ 104 $ 345
Long-term debt, net—UAL $ 10,171 $ 10,440
(a) As further described below under “Convertible Debt Securities and Derivatives,” there is a basis difference between UAL and United debt values, because
we were required to apply different accounting methodologies. The United debt presented above does not agree to United’s balance sheet by the amount of this
adjustment.
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