Macy's 2013 Annual Report Download - page 64
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Table of Contents
The Company’s debt is as follows:
Short-term debt:
5.75% Senior notes due 2014 $ 453
$ —
7.625% Senior debentures due 2013 —
109
Capital lease and current portion of other long-term obligations 10
15
$ 463
$124
Long-term debt:
2.875% Senior notes due 2023 $750
$750
5.9% Senior notes due 2016 577
577
3.875% Senior notes due 2022 550
550
6.375% Senior notes due 2037 500
500
7.875% Senior notes due 2015 * 407
407
4.375% Senior notes due 2023 400
—
6.9% Senior debentures due 2029 400
400
6.7% Senior debentures due 2034 400
400
7.45% Senior debentures due 2017 300
300
6.65% Senior debentures due 2024 300
300
7.0% Senior debentures due 2028 300
300
6.9% Senior debentures due 2032 250
250
5.125% Senior debentures due 2042 250
250
4.3% Senior notes due 2043 250
250
6.7% Senior debentures due 2028 200
200
6.79% Senior debentures due 2027 165
165
7.875% Senior debentures due 2036 108
108
8.125% Senior debentures due 2035 76
76
7.5% Senior debentures due 2015 69
69
8.75% Senior debentures due 2029 61
61
7.45% Senior debentures due 2016 59
59
8.5% Senior debentures due 2019 36
36
10.25% Senior debentures due 2021 33
33
9.5% amortizing debentures due 2021 25
29
7.6% Senior debentures due 2025 24
24
7.875% Senior debentures due 2030 18
18
9.75% amortizing debentures due 2021 14
16
5.75% Senior notes due 2014 —
453
Premium on acquired debt, using an effective
interest yield of 5.266% to 6.165% 176
191
Capital lease and other long-term obligations 30
34
$6,728
$6,806
________________
*The rate of interest payable in respect of these senior notes was increased by one percent per annum to 8.875% in April 2009 as a result of a downgrade of the notes by
specified rating agencies, was decreased by 0.50 percent per annum to 8.375% effective in May 2010 as a result of an upgrade of the notes by specified rating agencies, was
decreased by 0.25 percent per annum to 8.125% effective in May 2011 as a result of an upgrade of the notes by specified rating agencies, and was decreased by 0.25 percent
per annum to 7.875%, its stated interest rate, effective in January 2012 as a result of an upgrade of the notes by specified rating agencies. The rate of interest payable in
respect of these senior notes could increase by up to 2.0% per annum from its current level in the event of two or more downgrades of the notes by specified rating agencies.
F-18