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DEBT (Tables)
9 Months Ended
Nov. 01, 2015
Debt  
Schedule of Long-term Debt

 

 

 

 

November 1, 2015

 

February 1, 2015

 

 

 

Outstanding
Principal

 

Interest Rate
%(1)

 

Outstanding
Principal

 

Interest Rate
%(1)

 

Senior ABL Facility due 2018

 

$

30

 

1.70

 

$

96

 

2.02

 

Term Loans due 2021, net of unamortized discount of $11 million and $14 million

 

839

 

3.75

 

961

 

4.00

 

December 2014 First Priority Notes due 2021

 

1,250

 

5.25

 

1,250

 

5.25

 

April 2012 Second Priority Notes due 2020

 

—

 

—

 

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

 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

4,394

 

 

 

$

5,257

 

 

 

Less current installments

 

(9

)

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt, excluding current installments

 

$

4,385

 

 

 

$

5,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Represents the stated rate of interest, without including the effect of discounts.

5.25% Senior Secured First Priority Notes due 2021  
Debt  
Notes Redemption

 

Year

 

Percentage

 

2017

 

103.938 

%

2018

 

102.625 

%

2019

 

101.313 

%

2020 and thereafter

 

100.000 

%

 

11.5% Senior Unsecured Notes due 2020  
Debt  
Notes Redemption

 

Year

 

Percentage

 

2016

 

105.750 

%

2017

 

102.875 

%

2018 and thereafter

 

100.000 

%

 

7.5% Senior Unsecured Notes due 2020  
Debt  
Notes Redemption

 

Year

 

Percentage

 

2016

 

103.750 

%

2017

 

101.875 

%

2018 and thereafter

 

100.000 

%