A summary of the Company’s consolidated Short-term borrowings and Long-term debt as well as the effective interest rates on our outstanding variable rate debt as of January 31, 2015 and February 1, 2014 is outlined in the table below:



(In millions)	January 31, 2015		February 1, 2014
Short-term borrowings
Labuan uncommitted lines of credit	$	—	$	12
Long-term debt
Spanish real estate credit facility, due fiscal 2015 (EURIBOR+6.00%)	34		71
Toys-Japan unsecured credit lines, expire fiscals 2015-2016 (1)	—		5
European and Australian asset-based revolving credit facility, expires fiscal 2016	—		—
Secured term loan facility, due fiscal 2016 (LIBOR+4.50%) (2)(3)	—		646
7.375% senior secured notes, due fiscal 2016 (2)(3)	—		357
10.375% senior notes, due fiscal 2017 (4)	448		447
8.500% senior secured notes, due fiscal 2017 (5)	721		719
French real estate credit facility, due fiscal 2018 (EURIBOR+4.50%)	53		64
Incremental secured term loan facility, due fiscal 2018 (LIBOR+3.75%) (2)(3)	133		372
Second incremental secured term loan facility, due fiscal 2018 (LIBOR+3.75%) (2)(3)	67		210
7.375% senior notes, due fiscal 2018 (4)	402		403
$1.85 billion secured revolving credit facility, expires fiscal 2019 (2)(3)(6)	—		—
Senior unsecured term loan facility, due fiscal 2019 (LIBOR+5.00%) (7)	965		973
Tranche A-1 loan facility, due fiscal 2019 (LIBOR+7.25%) (2)(3)	272		—
Secured term B-4 loan facility, due fiscal 2020 (LIBOR+8.75%) (2)(3)	1,010		—
UK real estate credit facility, due fiscal 2020 (6.85%)	396		433
Toys-Japan 1.85%-2.45% loans, due fiscals 2015-2021	63		91
8.750% debentures, due fiscal 2021 (8)	22		22
Finance obligations associated with capital projects	189		174
Capital lease obligations	13		20
	4,788		5,007
Less: current portion	176		89
Total Long-term debt (9)	$	4,612	$	4,918


(1)	Toys “R” Us - Japan, Ltd. (“Toys-Japan”) currently has an agreement with a syndicate of financial institutions, which includes two unsecured loan commitment lines of credit (“Tranche 1” due fiscal 2015 and “Tranche 2” due fiscal 2016). On July 15, 2014, Toys-Japan entered into an agreement to refinance Tranche 2 of its committed lines of credit.


(2)	Represents obligations of Toys “R” Us - Delaware, Inc. (“Toys-Delaware”).

(3)

On October 24, 2014, Toys-Delaware amended the credit agreement for its secured term loan facilities (the “Secured Term Loan Credit Agreement”) to provide for, among other things, a new tranche of term loans in an aggregate principal amount of $1,026 million due fiscal 2020 (the “Secured Term B-4 Loan”). Additionally, Toys-Delaware and certain of its subsidiaries amended the credit agreement for the $1.85 billion secured revolving credit facility (“ABL Facility”) to provide for, among other things, a new tranche of loans in an aggregate principal amount of $280 million due fiscal 2019. The Secured Term B-4 Loan and the Tranche A-1 Loan, together with other sources and funds available to Toys-Delaware, were used to (i) refinance in full the Secured term loan facility due fiscal 2016, (ii) extend $380 million of the term loans due fiscal 2018 under the Incremental secured term loan facility and the Second incremental secured term loan facility into the Secured Term B-4 Loan and (iii) redeem all of the 7.375% senior secured notes due fiscal 2016 (“Toys-Delaware Secured Notes”), plus accrued interest, premiums and fees. The Secured Term B-4 Loan is guaranteed by Wayne Real Estate Parent Company, LLC, a wholly-owned subsidiary of the Company and an indirect parent of Toys “R” Us Property Company I, LLC.


(4)	Represents obligations of Toys “R” Us, Inc. (the “Parent Company”) legal entity. For further details on Parent Company information, refer to Schedule I — Parent Company Condensed Financial Statements and Notes to the Condensed Financial Statements.


(5)	Represents obligations of Toys “R” Us Property Company II, LLC (“TRU Propco II”).


(6)	On March 21, 2014, Toys-Delaware and certain of its subsidiaries amended and restated the credit agreement for the ABL Facility in order to extend the maturity date of the facility and amend certain other provisions.


(7)	Represents obligations of Toys “R” Us Property Company I, LLC and its subsidiaries (“TRU Propco I”).


(8)	Represents obligations of the Parent Company and Toys-Delaware.


(9)	We maintain derivative instruments on certain of our long-term debt, which impact our effective interest rates. Refer to Note 3 entitled “DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES” for further details.