乐天堂fun88(中国区)官方网站 Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

DEBT (Tables)

12 Months Ended

Dec. 31, 2012

Debt

听

Outstanding debt

听Outstanding debt of consolidated entities consisted of the following (dollars in millions):

听	听	December听31,					听

听	听	2012		听	2011		听
Senior Credit Facilities:	听	听	听	听	听	听	听
Term loans	听	$	1,565	听	$	1,696	听
Amounts outstanding under A/R programs	听	听	241	听	听	237	听
Senior notes	听	听	568	听	听	472	听
Senior subordinated notes	听	听	892	听	听	976	听
HPS (China) debt	听	听	94	听	听	167	听
Variable interest entities	听	听	270	听	听	281	听
Other	听	听	72	听	听	113	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,702	听	$	3,942	听
听	听	听		听	听		听
Total current portion of debt	听	$	288	听	$	212	听
Long-term portion	听	听	3,414	听	听	3,730	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,702	听	$	3,942	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,702	听	$	3,942	听
Notes payable to affiliates-noncurrent	听	听	4	听	听	4	听
听	听	听		听	听		听
Total debt	听	$	3,706	听	$	3,946	听
听	听	听		听	听		听

Schedule of Senior Credit Facilities

听听听As of December听31, 2012, our Senior Credit Facilities consisted of our Revolving Facility, our Term Loan B, our Extended Term Loan B, our Extended Term Loan B鈥擲eries听2, and our Term Loan C as follows (dollars in millions):

Facility	听	Committed Amount	听	Principal Outstanding		听	Carrying Value		听	Interest Rate(2)	听	Maturity		听

Revolving Facility	听	$400	听	$	鈥�	(1)	$	鈥�	(1)	USD LIBOR plus 2.50%	听	听	2017	(3)
Term Loan B	听	NA	听	听	193	听	听	193	听	USD LIBOR plus 1.50%	听	听	2014	听
Extended Term Loan B	听	NA	听	听	637	听	听	637	听	USD LIBOR plus 2.50%	听	听	2017	(3)
Extended Term Loan B鈥擲eries听2	听	NA	听	听	342	听	听	342	听	USD LIBOR plus 2.75%	听	听	2017	(3)
Term Loan C	听	NA	听	听	419	听	听	393	听	USD LIBOR plus 2.25%	听	听	2016	听

(1): We had no borrowings outstanding under our Revolving Facility; we had approximately $19听million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility.
(2): The applicable interest rate of the Senior Credit Facilities is subject to certain secured leverage ratio thresholds. As of December听31, 2012, the weighted average interest rate on our outstanding balances under the Senior Credit Facilities was approximately 3.0%.
(3): The maturity of the Revolving Facility commitments will accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to repay our 2016 Senior Notes, Term Loan B due April听19, 2014 and Term Loan C due June听30, 2016. The maturity of Extended Term Loan B and Extended Term Loan B鈥擲eries听2 will accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to refinance or repay our 2016 Senior Notes that remain outstanding during the three months prior to the maturity date of such notes.

Schedule of A/R Programs

Information regarding the A/R Programs was as follows (monetary amounts in millions):

December听31, 2012

Facility	听	Maturity	听	Maximum Funding Availability(1)	听	Amount Outstanding	听	Interest Rate(2)(3)
U.S. A/R Program	听	April 2014	听	$250	听	$90(4)	听	Applicable Rate plus 1.50%听- 1.65%
EU A/R Program	听	April 2014	听	鈧�225 (approximately $297)	听	鈧�114 (approximately $151)	听	Applicable Rate plus 2.0%

听

December听31, 2011

Facility	听	Maturity	听	Maximum Funding Availability(1)	听	Amount Outstanding	听	Interest Rate(2)(3)
U.S. A/R Program	听	April 2014	听	$250	听	$90(4)	听	Applicable Rate plus 1.50%听- 1.65%
EU A/R Program	听	April 2014	听	鈧�225 (approximately $291)	听	鈧�114 (approximately $147)	听	Applicable Rate plus 2.0%

(1): The amount of actual availability under the A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements.
(2): Each interest rate is defined in the applicable agreements. In addition, the U.S. SPE and the EU SPE are obligated to pay unused commitment fees to the lenders based on the amount of each lender's commitment.
(3): Applicable rate for the U.S. A/R Program is defined by the lender as either USD LIBOR or CP rate. Applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR.
(4): As of December听31, 2012, we had approximately $5听million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.

Summary of outstanding notes

As of December听31, 2012, we had outstanding the following notes (monetary amounts in millions):

Notes	听	Maturity	听	Interest Rate	听	Amount Outstanding

2016 Senior Notes	听	June 2016	听	5.50	%(1)	$200 ($168 carrying value)
2020 Senior Notes	听	November 2020	听	4.875	%	$400
Senior Subordinated Notes	听	March 2020	听	8.625	%	$350
Senior Subordinated Notes	听	March 2021	听	8.625	%	$530 ($542 carrying value)

(1): The effective interest rate at issuance was 11.73%.

Redemption of Notes and Loss on Early Extinguishment of Debt

During the years ended December听31, 2012 and 2011, we redeemed or repurchased the following notes (monetary amounts in millions):

Date of Redemption	听	Notes	听	Principal Amount of Notes Redeemed	听	Amount Paid (Excluding Accrued Interest)	听	Loss on Early Extinguishment of Debt		听

December听3, 2012	听	5.50% Senior Notes due 2016	听	$400	听	$400	听	$	77	听
March听26, 2012	听	7.50% Senior Subordinated Notes due 2015	听	鈧�64 (approximately $86)	听	鈧�65 (approximately $87)	听	$	1	听
Three months ended December听31, 2011	听	6.875% Senior Subordinated Notes due 2013	听	鈧�70 (approximately $94)	听	鈧�71 (approximately $96)	听	$	2	听
Three months ended September听30, 2011	听	6.875% Senior Subordinated Notes due 2013	听	鈧�14 (approximately $19)	听	鈧�14 (approximately $19)	听	$	鈥�	听
Three months ended September听30, 2011	听	7.50% Senior Subordinated Notes due 2015	听	鈧�12 (approximately $17)	听	鈧�12 (approximately $17)	听	$	鈥�	听
July听25, 2011	听	7.375% Senior Subordinated Notes due 2015	听	$75	听	$77	听	$	2	听
January听18, 2011	听	7.375% Senior Subordinated Notes due 2015	听	$100	听	$102	听	$	3	听

Scheduled maturities of our debt (excluding debt to affiliates)

The scheduled maturities of our debt (excluding debt to affiliates) by year as of December听31, 2012 are as follows (dollars in millions):

Year ending December听31	听	听		听

2013	听	$	288	听
2014	听	听	522	听
2015	听	听	32	听
2016	听	听	577	听
2017	听	听	967	听
Thereafter	听	听	1,316	听
听	听	听		听
听	听	$	3,702	听
听	听	听		听

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

听

Debt

听

Outstanding debt

听Outstanding debt of consolidated entities consisted of the following (dollars in millions):

听

听	听	December听31,					听

听	听	2012		听	2011		听
Senior Credit Facilities:	听	听	听	听	听	听	听
Term loans	听	$	1,565	听	$	1,696	听
Amounts outstanding under A/R programs	听	听	241	听	听	237	听
Senior notes	听	听	568	听	听	472	听
Senior subordinated notes	听	听	892	听	听	976	听
HPS (China) debt	听	听	94	听	听	167	听
Variable interest entities	听	听	270	听	听	281	听
Other	听	听	72	听	听	113	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,702	听	$	3,942	听
听	听	听		听	听		听
Total current portion of debt	听	$	288	听	$	212	听
Long-term portion	听	听	3,414	听	听	3,730	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,702	听	$	3,942	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,702	听	$	3,942	听
Notes payable to affiliates-current	听	听	100	听	听	100	听
Notes payable to affiliates-noncurrent	听	听	599	听	听	439	听
听	听	听		听	听		听
Total debt	听	$	4,401	听	$	4,481	听
听	听	听		听	听		听

- Definition

Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax.

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