Seagate 2008 Annual Report Download - page 101

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
5. Credit Facilities, Long-Term Debt and Convertible Notes (Continued)
$55 Million Aggregate Principal Amount of 5.75% Subordinated Debentures due March 2012 (the "5.75% Debentures"). The 5.75%
Debentures require semi-annual interest payments on March 1 and September 1 and annual sinking fund payments of $5 million or repurchases
of $5 million in principal amount of debentures in lieu of sinking fund payments. As of June 1, 2009, the 5.75% Debentures are no longer
subordinated (see Note 18).
$60 million LIBOR Based China Manufacturing Facility Loan. As a result of the Maxtor acquisition, the Company assumed an
outstanding plant construction loan in the amount of $30 million and an outstanding project loan in the amount of $30 million. These amounts
were paid in fiscal years 2009 and 2008, respectively.
At July 3, 2009, future principal payments on short-term and long-term debt were as follows (in millions):
Included in future principal payments on debt for fiscal year 2010 is the principal amount of $300 million related to the Company's 2009
Notes, the principal amount of $116 million related to the Company's 6.8% Notes, the $350 million senior secured credit facility, which is
committed until 2011, and a $5 million sinking fund payment related to the Company's 5.75% Debentures.
99
Fiscal Year
2010
$
771
2011
5
2012
630
2013
326
2014
430
Thereafter
600
$
2,762