| Schedule of Long-term Debt Instruments |
β
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|
|
|
|
|
|
|
|
β |
β |
Outstanding |
β |
CarryingΜύvalue |
β |
β |
ΜύΜύΜύΜύ |
Principal |
ΜύΜύΜύΜύ |
September 30, |
ΜύΜύΜύΜύ |
December 31, |
Μύ |
β |
β |
September 30, 2023 |
β |
2023 |
β |
2022 |
β |
|
β |
β |
amountsΜύinΜύmillions |
β |
ΒιΆΉapp SiriusXM Group |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Corporate level notes and loans: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
1.375% Cash Convertible Senior Notes due 2023 (1) |
β |
$ |
199 |
Μύ |
β |
209 |
β |
968 |
β |
3.75% Convertible Senior Notes due 2028 (1) |
β |
β |
575 |
β |
β |
658 |
β |
β |
β |
2.125% Exchangeable Senior Debentures due 2048 (1) |
β |
β |
β |
β |
β |
β |
β |
382 |
β |
2.75% Exchangeable Senior Debentures due 2049 (1) |
β |
β |
586 |
β |
β |
567 |
β |
559 |
β |
0.5% Exchangeable Senior Debentures due 2050 (1) |
β |
β |
NA |
β |
β |
NA |
β |
920 |
β |
Sirius XM Holdings Margin Loan |
β |
β |
775 |
Μύ |
β |
775 |
Μύ |
875 |
β |
Live Nation Margin Loan |
β |
β |
NA |
Μύ |
β |
NA |
β |
β |
β |
Subsidiary notes and loans: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM 3.125% Senior Notes due 2026 |
β |
β |
1,000 |
β |
β |
993 |
β |
992 |
β |
SiriusXM 5.0% Senior Notes due 2027 |
β |
β |
1,500 |
β |
β |
1,494 |
β |
1,492 |
β |
SiriusXM 4.0% Senior Notes due 2028 |
β |
β |
2,000 |
β |
β |
1,984 |
β |
1,982 |
β |
SiriusXM 5.50% Senior Notes due 2029 |
β |
β |
1,250 |
β |
β |
1,241 |
β |
1,240 |
β |
SiriusXM 4.125% Senior Notes due 2030 |
β |
β |
1,500 |
β |
β |
1,488 |
β |
1,487 |
β |
SiriusXM 3.875% Senior Notes due 2031 |
β |
β |
1,500 |
β |
β |
1,486 |
β |
1,485 |
β |
Pandora 1.75% Convertible Senior Notes due 2023 |
β |
β |
20 |
β |
β |
20 |
β |
193 |
β |
SiriusXM Senior Secured Revolving Credit Facility |
β |
Μύ |
135 |
Μύ |
β |
135 |
Μύ |
80 |
β |
SiriusXM Incremental Term Loan |
β |
β |
500 |
β |
β |
500 |
β |
500 |
β |
Deferred financing costs |
β |
β |
β |
β |
β |
(10) |
β |
(12) |
β |
Total ΒιΆΉapp SiriusXM Group |
β |
β |
11,540 |
β |
β |
11,540 |
β |
13,143 |
β |
Formula One Group |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Corporate level notes and loans: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
1% Cash Convertible Notes due 2023 (1) |
β |
β |
β |
β |
β |
β |
β |
44 |
β |
2.25% Convertible Senior Notes due 2027 (1) |
β |
β |
475 |
β |
β |
464 |
β |
458 |
β |
Other |
β |
β |
59 |
β |
β |
59 |
β |
63 |
β |
Subsidiary notes and loans: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Senior Loan Facility |
β |
β |
2,411 |
β |
β |
2,380 |
β |
2,389 |
β |
Deferred financing costs |
β |
β |
β |
β |
β |
(6) |
β |
(7) |
β |
Total Formula One Group |
β |
β |
2,945 |
β |
β |
2,897 |
β |
2,947 |
β |
ΒιΆΉapp Live Group |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Corporate level notes and loans: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
0.5% Exchangeable Senior Debentures due 2050 (1) |
β |
β |
62 |
β |
β |
65 |
β |
NA |
β |
2.375% Exchangeable Senior Debentures due 2053 (1) |
β |
β |
1,150 |
β |
β |
1,161 |
β |
NA |
β |
Live Nation Margin Loan |
β |
β |
β |
β |
β |
β |
β |
NA |
β |
Total ΒιΆΉapp Live Group |
β |
β |
1,212 |
β |
β |
1,226 |
β |
NA |
β |
Braves Group |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Subsidiary notes and loans: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Notes and loans |
β |
Μύ |
NA |
Μύ |
β |
NA |
Μύ |
546 |
β |
Deferred financing costs |
β |
β |
β |
β |
β |
NA |
β |
(4) |
β |
Total Braves Group |
β |
β |
NA |
β |
β |
NA |
β |
542 |
β |
Total debt |
β |
$ |
15,697 |
Μύ |
β |
15,663 |
Μύ |
16,632 |
β |
Debt classified as current |
β |
β |
β |
Μύ |
β |
(827) |
Μύ |
(1,679) |
β |
Total long-term debt |
β |
β |
β |
β |
$ |
14,836 |
Μύ |
14,953 |
β |
(1) Measured at fair value
|
| Fair Value of Debt |
The fair value, based on quoted market prices of the same instruments but not considered to be active markets (LevelΜύ2), of Sirius XM Holdingsβ publicly traded debt securities, not reported at fair value, are as follows (amounts in millions):
β |
β |
β |
β |
β |
β |
ΜύΜύΜύΜύ |
September 30, 2023 |
Μύ |
SiriusXM 3.125% Senior Notes due 2026 |
β |
$ |
888 |
β |
SiriusXM 5.0% Senior Notes due 2027 |
β |
$ |
1,369 |
β |
SiriusXM 4.0% Senior Notes due 2028 |
β |
$ |
1,702 |
β |
SiriusXM 5.50% Senior Notes due 2029 |
β |
$ |
1,105 |
β |
SiriusXM 4.125% Senior Notes due 2030 |
β |
$ |
1,194 |
β |
SiriusXM 3.875% Senior Notes due 2031 |
β |
$ |
1,134 |
β |
Pandora 1.75% Convertible Senior Notes due 2023 |
β |
$ |
20 |
β |
|