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Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
A summary of long-term debt is as follows:
(In millions)
Coupon
 
December 31,
2016
 
December 31,
2015
Current portion of long-term debt:
 
 
 
 
 
2016 Senior Notes (a) *
1.800
%
 
$

 
$
500.1

2016 Senior Notes (b) *
1.350
%
 

 
499.9

Meda Bank Loans (c)
 
 
219.6

 

Other
 
 
3.7

 
1.6

Deferred financing fees
 
 

 
(2.9
)
Current portion of long-term debt
 
 
$
223.3

 
$
998.7

 
 
 
 
 
 
Non-current portion of long-term debt:
 
 
 
 
 
2016 Term Loans (d) **
 
 
$
1,600.0

 
$

2015 Term Loans (e) *
 
 

 
1,600.0

2014 Term Loan (f) *
 
 

 
800.0

Meda Medium Term Notes (g)
 
 
146.4

 

2018 Euro Senior Notes (h) **
 
 
526.0

 

2018 Senior Notes (i) *
2.600
%
 
649.6

 
649.3

2018 Senior Notes (i) **
3.000
%
 
499.6

 
499.4

2019 Senior Notes (j) **
2.500
%
 
999.1

 

2019 Senior Notes (k) *
2.550
%
 
499.5

 
499.2

2020 Euro Senior Notes (l) **
1.250
%
 
785.7

 

2020 Senior Notes (m) **
3.750
%
 
499.9

 
499.8

2021 Senior Notes (n) **
3.150
%
 
2,247.7

 

2023 Senior Notes (k) *
3.125
%
 
775.3

 
785.2

2023 Senior Notes (o) *
4.200
%
 
498.6

 
498.4

2024 Euro Senior Notes (p)**
2.250
%
 
1,049.2

 

2026 Senior Notes (q) **
3.950
%
 
2,233.5

 

2028 Euro Senior Notes (r) **
3.125
%
 
781.1

 

2043 Senior Notes (s) *
5.400
%
 
497.0

 
497.0

2046 Senior Notes (t) **
5.250
%
 
999.8

 

Other
 
 
7.1

 
2.7

Deferred financing fees
 
 
(92.2
)
 
(35.4
)
Total long-term debt
 
 
$
15,202.9

 
$
6,295.6

____________
(a) 
Instrument matured on June 24, 2016, and the Company paid the principal amount of $500.0 million and final interest payment of $4.5 million upon maturity.
(b) 
Instrument matured on November 29, 2016, and the Company paid the principal amount of $500.0 million and final interest payment of $3.4 million upon maturity.
(c) 
Represents a bank loan of 2.0kr billion with AB Svensk Exportkredit (publ), as lender (“Svensk Exportkredit”), which matures in October 2017, and accordingly is included in current portion of long-term debt and other long-term obligations in the Consolidated Balance Sheets at December 31, 2016.
(d) 
The 2016 Term Loans mature on November 22, 2019.
(e) 
The 2015 Term Loans were terminated and repaid in the fourth quarter of 2016 in conjunction with the effectiveness of the 2016 Term Loans.
(f) 
The 2014 Term Loan was terminated and repaid in the fourth quarter of 2016 in conjunction with the effectiveness of the 2016 Term Loans.
(g) 
Swedish medium term notes (“MTN”) program with an upper limit of 7kr billion. Of the total amount outstanding of 1.33kr billion, 583kr million matures on April 5, 2018 and 750kr million matures on May 21, 2019.
(h) 
Instrument bears interest at a rate of three-month EURIBOR plus 0.870% per annum, reset quarterly.
(i) 
Instrument is callable by the Company at any time at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest.
(j) 
Instrument is callable by the Company at any time at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest.
(k) 
Instrument is callable by the Company at any time at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.20% plus, in each case, accrued and unpaid interest.
(l) 
Instrument is callable by the Company at any time prior to the date that is one month prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted to the redemption date on an annual basis, at a rate equal to the applicable Bund Rate (as defined in the Euro Notes Indenture (as defined herein)), plus 0.30% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(m) 
Instrument is callable by the Company at any time prior to the date that is one month prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.35% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(n) 
Instrument is callable by the Company at any time prior to the date that is one month prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.30% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(o) 
Instrument is callable by the Company at any time prior to August 29, 2023 at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(p) 
Instrument is callable by the Company at any time prior to the date that is two months prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted to the redemption date on an annual basis, at a rate equal to the applicable Bund Rate (as defined in the Euro Notes Indenture), plus 0.35% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(q) 
Instrument is callable by the Company at any time prior to the date that is three months prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.35% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(r) 
Instrument is callable by the Company at any time prior to the date that is three months prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted to the redemption date on an annual basis, at a rate equal to the applicable Bund Rate (as defined in the Euro Notes Indenture), plus 0.45% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(s) 
Instrument is callable by the Company at any time prior to May 29, 2043 at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.25% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
(t) 
Instrument is callable by the Company at any time prior to the date that is six months prior to the instrument’s maturity date at the greater of 100% of the principal amount and the sum of the present values of the remaining scheduled payments of principal and interest discounted at the U.S. Treasury rate plus 0.40% plus, in each case, accrued and unpaid interest. On or after such date, the instrument is callable by the Company at 100% of the principal amount plus accrued and unpaid interest.
*
Instrument was issued by Mylan Inc.
**  
Instrument was issued by Mylan N.V.
Minimum Repayments on Outstanding Borrowings
Mandatory minimum repayments remaining on the outstanding long-term debt at December 31, 2016, excluding the discounts and premiums, are as follows for each of the periods ending December 31:
(In millions)
Total
2017
$
220

2018
1,740

2019
3,182

2020
1,289

2021
2,250

Thereafter
6,841

Total
$
15,522