Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.19.1
Long-Term Debt
3 Months Ended
May 04, 2019
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
($ in millions)
 
May 4, 2019
 
May 5, 2018
 
February 2, 2019
Issue:
 
 
 
 
 
 
8.125% Senior Notes Due 2019
 
$
50

 
$
50

 
$
50

5.65% Senior Notes Due 2020 (1)
 
110

 
110

 
110

2017 Credit Facility (Matures in 2022)
 
118

 
351

 

2016 Term Loan Facility (Matures in 2023)
 
1,572

 
1,614

 
1,583

5.875% Senior Secured Notes Due 2023 (1)
 
500

 
500

 
500

7.125% Debentures Due 2023
 
10

 
10

 
10

8.625% Senior Secured Second Priority Notes Due 2025 (1)
 
400

 
400

 
400

6.9% Notes Due 2026
 
2

 
2

 
2

6.375% Senior Notes Due 2036 (1)
 
388

 
388

 
388

7.4% Debentures Due 2037
 
313

 
313

 
313

7.625% Notes Due 2097
 
500

 
500

 
500

Total debt
 
3,963

 
4,238

 
3,856

Unamortized debt issuance costs
 
(45
)
 
(54
)
 
(48
)
Less: current maturities
 
(92
)
 
(42
)
 
(92
)
Total long-term debt
 
$
3,826

 
$
4,142

 
$
3,716


(1)
These debt issuances contain a change of control provision that would obligate us, at the holders’ option, to repurchase the debt at a price of 101%.
As of May 4, 2019, outstanding borrowings under our $2.35 billion senior secured asset-based revolving credit facility (2017 Credit Facility) were $118 million. All borrowings under the 2017 Credit Facility accrue interest at a rate equal to, at the Company’s option, a base rate or an adjusted LIBOR rate plus a spread.