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Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2013
Long-term Debt  
Schedule of principal maturities of long-term debt by type of debt

 

 

 

 

 

 

 

 

 

 

 

 

 

Junior

 

 

 

 

 

 

 

Medium

 

Euro

 

Secured

 

 

 

Subordinated

 

 

 

 

 

Retail

 

Term

 

Denominated

 

Term

 

 

 

Debt

 

 

 

(dollars in thousands)

 

Notes

 

Notes

 

Note (a)

 

Loan (b) (c)

 

Securitizations

 

(Hybrid Debt)

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rates (d)

 

4.95%-7.50

%

5.40%-6.90

%

4.13

%

5.50

%

1.57%-6.00

%

6.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second quarter 2013

 

$

69,983

 

$

469,020

 

$

-

 

$

-

 

$

-

 

$

-

 

$

539,003

 

Third quarter 2013

 

36,441

 

-

 

-

 

-

 

-

 

-

 

36,441

 

Fourth quarter 2013

 

2,903

 

-

 

416,637

 

-

 

-

 

-

 

419,540

 

First quarter 2014

 

1,115

 

-

 

-

 

-

 

-

 

-

 

1,115

 

Remainder of 2014

 

356,861

 

-

 

-

 

-

 

-

 

-

 

356,861

 

2015

 

47,679

 

750,000

 

-

 

-

 

-

 

-

 

797,679

 

2016

 

-

 

375,000

 

-

 

-

 

-

 

-

 

375,000

 

2017

 

-

 

3,300,000

 

-

 

3,750,000

 

-

 

-

 

7,050,000

 

2018-2067

 

-

 

-

 

-

 

-

 

-

 

350,000

 

350,000

 

Securitizations (e)

 

-

 

-

 

-

 

-

 

3,371,344

 

-

 

3,371,344

 

Total principal maturities

 

$

514,982

 

$

4,894,020

 

$

416,637

 

$

3,750,000

 

$

3,371,344

 

$

350,000

 

$

13,296,983

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total carrying amount

 

$

480,516

 

$

4,197,649

 

$

394,575

 

$

3,764,468

 

$

3,378,274

 

$

171,552

 

$

12,387,034

 

 

(a)                 Euro denominated note includes a €323.4 million note, shown here at the U.S. dollar equivalent at time of issuance.

 

(b)                Our secured term loan is issued by wholly-owned Company subsidiaries and guaranteed by SLFC and the Subsidiary Guarantors.

 

(c)                 On April 11, 2013, Springleaf Financial Funding Company made a mandatory prepayment, without penalty or premium, of $714.9 million of outstanding principal (plus accrued interest) on the secured term loan. Immediately following the prepayment, the outstanding principal amount of the secured term loan was $3.035 billion. See Note 19 for further information on this prepayment.

 

(d)                The interest rates shown are the range of contractual rates in effect at March 31, 2013, which exclude the effect of the associated derivative instrument used in hedge accounting relationships, if applicable.

 

(e)                 Securitizations are not included in above maturities by period due to their variable monthly repayments.