Windstream 2011 Annual Report Download - page 161

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-53
5. Long-term Debt and Capital Lease Obligations:
Long-term debt and capital lease obligations were as follows at December 31:
(Millions)
Issued by Windstream Corporation:
Senior secured credit facility, Tranche A – variable rates, due July 17, 2011
Senior secured credit facility, Tranche A2 – variable rates, due July 17, 2013
Senior secured credit facility, Tranche B – variable rates, due July 17, 2013
Senior secured credit facility, Tranche B2 – variable rates, due December 17, 2015
Senior secured credit facility, Revolving line of credit – variable rates, due December
17, 2015
Debentures and notes, without collateral:
2013 Notes – 8.125%, due August 1, 2013
2016 Notes – 8.625%, due August 1, 2016
2017 Notes – 7.875%, due November 1, 2017
2018 Notes – 8.125%, due September 1, 2018
2019 Notes – 7.000%, due March 15, 2019
2020 Notes – 7.750%, due October 15, 2020
2021 Notes – 7.750%, due October 1, 2021
2022 Notes – 7.500%, due June 1, 2022
2023 Notes – 7.500%, due April 1, 2023
Issued by subsidiaries of the Company:
Valor Telecommunications Enterprises LLC and Valor Telecommunications Finance
Corp. – 7.75%, due February 15, 2015
Windstream Holdings of the Midwest, Inc. – 6.75%, due April 1, 2028
Cinergy Communications Company – 6.58%, due January 1, 2022
PAETEC 2017 Notes – 8.875%, due June 30, 2017
Debentures and notes, without collateral:
Windstream Georgia Communications LLC – 6.50%, due November 15, 2013
PAETEC 2015 Notes – 9.500%, due July 15, 2015
PAETEC 2018 Notes – 9.875%, due December 1, 2018
Capital lease obligations
Premium (discount) on long-term debt, net
Less current maturities
Total long-term debt and capital leases
Weighted average interest rate
Weighted maturity
2011
$—
172.3
283.8
1,053.7
920.0
800.0
—
1,100.0
400.0
500.0
700.0
450.0
500.0
600.0
—
100.0
2.2
650.0
20.0
300.0
450.0
51.2
97.2
9,150.4
(213.7)
$ 8,936.7
7.5%
6.0 years
2010
$ 100.9
182.3
286.8
1,064.5
150.0
800.0
1,746.0
1,100.0
400.0
500.0
500.0
—
—
—
400.0
100.0
2.3
—
30.0
—
—
2.7
(39.7)
7,325.8
(139.2)
$ 7,186.6
7.8%
5.7 years
Senior Secured Credit Facilities
Effective October 18, 2010, we extended the maturity of an additional $13.5 million of the Tranche A of the senior secured
credit facilities outstanding to Tranche A2, which will be due July 17, 2013.
Revolving line of credit - We borrowed $3,170.0 million under the revolving line of credit in our senior secured credit facility
and later repaid $2,400.0 million during 2011. On March 18, 2011, we increased the capacity under our senior secured
revolving credit facility from $750.0 million to $1,250.0 million. Considering outstanding borrowings and letters of credit of
$10.9 million, the amount available for borrowing under the revolving line of credit was $319.1 million at December 31, 2011.