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Borrowings (Tables)
12 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Borrowings
The Company’s total borrowings consist of the following:
Interest rate at June 30,
2021
Maturity at June 30,
2021
As of June 30, 2021As of June 30, 2020
(in millions)
News Corporation
2021 Senior notes3.875 %May 15, 2029985 — 
Foxtel Group (a)
2019 Credit facility (b)
2.33 %May 31, 2024232 371 
2019 Term loan facility6.25 %Nov 22, 2024190 171 
2017 Working capital facility (b)
2.33 %May 31, 2024— — 
Telstra facility7.83 %Dec 22, 202760 11 
2012 US private placement—USD portion—tranche 2 (c)
4.27 %Jul 25, 2022202 200 
2012 US private placement—USD portion—tranche 3 (c)
4.42 %Jul 25, 2024152 150 
2012 US private placement—AUD portion7.04 %Jul 25, 202278 73 
REA Group (a)
2018 Credit facility— %Apr 27, 2021— 48 
2019 Credit facility— %Dec 2, 2021— 117 
2020 Credit facility— %Dec 2, 2021— — 
2021 Bridge facility (d)
0.86 %Jul 31, 2022314 — 
Finance Lease LiabilitySee Note 10100 118 
Total borrowings2,313 1,259 
Less: current portion (e)
(28)(76)
Long-term borrowings
2,285 1,183 
________________________
(a)These borrowings were incurred by certain subsidiaries of NXE Australia Pty Limited (the “Foxtel Group” and together with such subsidiaries, the “Foxtel Debt Group”) and REA Group and certain of its subsidiaries (REA Group and certain of its subsidiaries, the “REA Debt Group”), consolidated but non wholly-owned subsidiaries of News Corp, and are only guaranteed by the Foxtel Group and REA Group and their respective subsidiaries, as applicable, and are non-recourse to News Corp.
(b)As of June 30, 2021, the Foxtel Debt Group had total undrawn commitments of A$334 million available under these facilities.
(c)The carrying values of the borrowings include any fair value adjustments related to the Company’s fair value hedges. See Note 11—Financial Instruments and Fair Value Measurements.
(d)As of June 30, 2021, REA Group had total undrawn commitments of A$107 million available under this facility.
(e)The Company classifies the current portion of long term debt as non-current liabilities on the Balance Sheets when it has the intent and ability to refinance the obligation on a long-term basis, in accordance with ASC 470-50 “Debt.” $28 million and $28 million relates to the current portion of finance lease liabilities as of June 30, 2021 and 2020, respectively.
Scheduled of Debt Maturities Excluding Other Obligations and Debt Issuance Costs
The following table summarizes the Company’s debt maturities, excluding debt issuance costs and finance lease liabilities, as of June 30, 2021:
As of June 30, 2021
(in millions)
Fiscal 2022$— 
Fiscal 2023592 
Fiscal 2024232 
Fiscal 2025340 
Fiscal 2026— 
Thereafter
1,060