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DEBT (Tables)
6 Months Ended 12 Months Ended
Aug. 04, 2013
Feb. 03, 2013
DEBT    
Schedule of Long-term Debt

 

 

August 4, 2013

 

February 3, 2013

 

 

 

Outstanding
Principal

 

Interest
Rate %(1)

 

Outstanding
Principal

 

Interest
Rate %(1)

 

Senior ABL Facility due 2017

 

$

500

 

1.69

 

$

300

 

1.96

 

Term Loans due 2017, net of unamortized discount of $21 million and $26 million as of August 4, 2013 and February 3, 2013, respectively

 

969

 

4.50

 

969

 

7.25

 

First Priority Notes due 2019, including unamortized premium of $19 million and $21 million as of August 4, 2013 and February 3, 2013, respectively

 

1,269

 

8.125

 

1,271

 

8.125

 

Second Priority Notes due 2020

 

675

 

11.00

 

675

 

11.00

 

October 2012 Senior Unsecured Notes due 2020

 

1,000

 

11.50

 

1,000

 

11.50

 

February 2013 Senior Unsecured Notes due 2020

 

1,275

 

7.50

 

1,275

 

7.50

 

January 2013 Senior Subordinated Notes due 2021

 

 

 

950

 

10.50

 

2007 Senior Subordinated Notes due 2015

 

 

 

889

 

13.50

 

Total long-term debt

 

$

5,688

 

 

 

$

7,329

 

 

 

Less current installments

 

(10

)

 

 

(899

)

 

 

Long-term debt, excluding current installments

 

$

5,678

 

 

 

$

6,430

 

 

 

 

 

(1) Represents the stated rate of interest, without including the effect of discounts or premiums.

Long-term debt as of February 3, 2013 and January 29, 2012 consisted of the following (dollars in millions):

 
  February 3, 2013   January 29, 2012  
 
  Outstanding
Principal
  Interest
Rate %(1)
  Outstanding
Principal
  Interest
Rate %(1)
 

ABL Facility due 2017

  $ 300     1.96   $      

Old Term Loan due August 30, 2012

            73     1.53  

Old Term Loan due April 1, 2014

            855     3.03  

Old ABL Term Loan due April 1, 2014

            214     3.56  

Term Loan due 2017, net of unamortized discount of $26 million as of February 3, 2013

    969     7.25          

First Priority Notes due 2019, including unamortized premium of $21 million as of February 3, 2013

    1,271     8.125          

Second Priority Notes due 2020

    675     11.00          

Old Senior Notes due 2014

            2,500     12.00  

11.5% Senior Notes due 2020

    1,000     11.50          

7.5% Senior Notes due 2020

    1,275     7.50          

Senior Subordinated Notes due 2021

    950     10.50          

Old Senior Subordinated Notes due 2015

    889     13.50     1,820     13.50  
                       

Total long-term debt

  $ 7,329           5,462        

Less current installments

    (899 )         (82 )      
                       

Long-term debt, excluding current installments

  $ 6,430         $ 5,380        
                       

(1)
Represents the stated rate of interest, without including the effect of discounts or premiums.