iHeartMedia 2010 Annual Report Download - page 90
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CLEAR CHANNEL CAPITAL I, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
NOTE 7 - LONG-TERM DEBT
Long-term debt at December 31, 2010 and 2009 consisted of the following:
The Company’s weighted average interest rate at December 31, 2010 was 5.8%. The aggregate market value of the Company’s debt
based on quoted market prices for which quotes were available was approximately $18.7 billion and $17.7 billion at December 31,
2010 and 2009, respectively.
The Company and its subsidiaries have from time to time repurchased certain debt obligations of Clear Channel and may in the
future, as part of various financing and investment strategies, purchase additional outstanding indebtedness of Clear Channel or its
subsidiaries or outstanding equity securities of Clear Channel Outdoor Holdings, Inc. (“CCOH”) or CCMH, in tender offers, open
market purchases, privately negotiated transactions or
81
(In thousands)
December 31,
2010
December 31,
2009
Senior Secured Credit Facilities:
Term loan A Facilit
y
Due 2014
$ 1,127,657
$ 1,127,657
Term loan B Facilit
y
Due 2016
9,061,911
9,061,911
Term loan C - Asset Sale Facilit
y
Due 2016
695,879
695,879
Revolvin
g
Credit Facilit
y
Due 2014
1,842,500
1,812,500
Dela
y
ed Draw Facilities Due 2016
1,013,227
874,432
Receivables Based Facilit
y
Due 2014
384,232
355,732
Other Secured Lon
g
-term Debt
4,692
5,225
Total Consolidated Secured Debt
14,130,098
13,933,336
Senior Cash Pa
y
Notes
796,250
796,250
Senior To
gg
le Notes
829,831
915,200
Clear Channel Senior Notes:
7.65% Senior Notes Due 2010
—
116,181
4.5% Senior Notes Due 2010
—
239,975
6.25% Senior Notes Due 2011
692,737
692,737
4.4% Senior Notes Due 2011
140,241
140,241
5.0% Senior Notes Due 2012
249,851
249,851
5.75% Senior Notes Due 2013
312,109
312,109
5.5% Senior Notes Due 2014
541,455
541,455
4.9% Senior Notes Due 2015
250,000
250,000
5.5% Senior Notes Due 2016
250,000
250,000
6.875% Senior Debentures Due 2018
175,000
175,000
7.25% Senior Debentures Due 2027
300,000
300,000
Subsidiar
y
Senior Notes:
9.25% Series A Senior Notes Due 2017
500,000
500,000
9.25% Series B Senior Notes Due 2017
2,000,000
2,000,000
Other lon
g
-term debt
63,115
77,657
Purchase accountin
g
ad
j
ustments and ori
g
inal issue discount
(623,335)
(788,087)
20,607,352
20,701,905
Less: current
p
ortion
867,735
398,779
Total lon
g
-term debt
$19,739,617
$20,303,126
(1) These facilities are subject to an amortization schedule with the final payment on the Term Loan A and Term Loan C due 2014
and 2016, res
p
ectivel
y
.
(1)
(1)