Â鶹×îгöÆ·

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Long-term Debt Instruments

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Outstanding

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°ä²¹°ù°ù²â¾±²Ô²µÌý±¹²¹±ô³Ü±ð

Ìý

​

ÌýÌýÌýÌý

Principal

ÌýÌýÌýÌý

DecemberÌý31,

ÌýÌýÌýÌý

DecemberÌý31,

Ìý

​

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DecemberÌý31,Ìý2021

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2021

​

2020

Ìý

​

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amounts in millions

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Â鶹×îгöÆ· SiriusXM Group

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​

​

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Corporate level notes and loans:

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​

​

​

​

​

​

​

​

1.375% Cash Convertible Senior Notes due 2023 (1)

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$

1,000

Ìý

​

1,540

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1,251

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2.125% Exchangeable Senior Debentures due 2048 (1)

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​

400

​

​

416

​

418

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2.25% Exchangeable Senior Debentures due 2048 (1)

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​

385

​

​

644

​

475

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2.75% Exchangeable Senior Debentures due 2049 (1)

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​

604

​

​

624

​

628

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0.5% Exchangeable Senior Debentures due 2050 (1)

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​

920

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​

1,332

​

982

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Sirius XM Holdings Margin Loan

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​

875

Ìý

​

875

Ìý

750

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Live Nation Margin Loan

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​

—

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—

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—

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Subsidiary notes and loans:

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​

​

​

​

​

​

​

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Sirius XM 3.875% Senior Notes due 2022

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—

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—

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997

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Sirius XM 4.625% Senior Notes due 2024

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—

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—

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1,488

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Sirius XM 5.375% Senior Notes due 2026

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​

—

​

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—

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993

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Sirius XM 3.125% Senior Notes due 2026

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​

1,000

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​

990

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—

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Sirius XM 5.0% Senior Notes due 2027

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​

1,500

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​

1,491

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1,490

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Sirius XM 4.0% Senior Notes due 2028

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2,000

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1,979

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—

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Sirius XM 5.50% Senior Notes due 2029

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​

1,250

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1,239

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1,237

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Sirius XM 4.125% Senior Notes due 2030

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​

1,500

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1,485

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1,484

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Sirius XM 3.875% Senior Notes due 2031

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​

1,500

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1,484

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—

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Pandora 1.75% Convertible Senior Notes due 2023

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​

193

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​

177

​

170

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Sirius XM Senior Secured Revolving Credit Facility

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Ìý

—

Ìý

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—

Ìý

649

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Deferred financing costs

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​

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(14)

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(12)

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Total Â鶹×îгöÆ· SiriusXM Group

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13,127

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14,262

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13,000

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Braves Group

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Subsidiary notes and loans:

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​

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Notes and loans

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​

700

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​

700

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674

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Deferred financing costs

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​

​

​

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(3)

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(4)

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Total Braves Group

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700

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697

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670

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Formula One Group

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​

​

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Corporate level notes and loans:

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​

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1% Cash Convertible Notes due 2023 (1)

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​

386

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666

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582

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2.25% Exchangeable Senior Debentures due 2046 (1)

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​

—

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—

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209

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Other

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​

69

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​

69

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74

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Subsidiary notes and loans:

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​

​

​

​

​

​

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Senior Loan Facility

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2,902

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2,902

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2,904

​

Deferred financing costs

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​

​

​

​

(6)

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(10)

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Total Formula One Group

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3,357

Ìý

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3,631

Ìý

3,759

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Total debt

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$

17,184

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18,590

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17,429

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Debt classified as current

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Ìý

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(2,891)

Ìý

(743)

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Total long-term debt

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$

15,699

Ìý

16,686

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(1) Measured at fair value

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Fair Value of Debt

The fair values, based on quoted market prices of the same instruments but not considered to be active markets (LevelÌý2), of Sirius XM Holdings’ publicly traded debt securities, not reported at fair value, are as follows (amounts in millions):

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​

ÌýÌýÌýÌý

DecemberÌý31,

Ìý

​

​

2021

Ìý

Sirius XM 3.125% Senior Notes due 2026

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$

993

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Sirius XM 5.0% Senior Notes due 2027

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$

1,551

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Sirius XM 4.0% Senior Notes due 2028

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$

2,000

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Sirius XM 5.50% Senior Notes due 2029

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$

1,337

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Sirius XM 4.125% Senior Notes due 2030

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$

1,492

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Sirius XM 3.875% Senior Notes due 2031

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$

1,459

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Pandora 1.75% Senior Notes due 2023

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$

220

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Schedule of Maturities of Long-term Debt

The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions):

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2022

ÌýÌýÌýÌý

$

429

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2023

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$

1,755

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2024

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$

3,827

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2025

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$

111

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2026

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$

1,162

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Braves Holdings Ìý
Schedule of Braves Holdings Debt

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°ä²¹°ù°ù²â¾±²Ô²µÌý±¹²¹±ô³Ü±ð

Ìý

As of December 31, 2021

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DecemberÌý31,

ÌýÌýÌýÌý

DecemberÌý31,

Ìý

Borrowing

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Weighted avg

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Maturity

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2021

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2020

Ìý

Capacity

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interest rate

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Date

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amounts in millions

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Operating credit facilities

$

120

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115

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185

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1.31%

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various

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Ballpark funding

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Ìý

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Senior secured note

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178

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184

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NA

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3.77%

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September 2041

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Floating rate notes

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55

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60

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NA

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1.83%

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September 2029

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Stadium credit facility

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46

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—

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46

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1.38%

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July 2026

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Term loan

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—

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46

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NA

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NA

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August 2021

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Mixed-use credit facilities and loans

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271

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239

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307

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3.64%

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various

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Spring training credit facility

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30

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30

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NA

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3.65%

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December 2030

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Total Braves Holdings

$

700

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674

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