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

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

6 Months Ended

Jun. 30, 2013

Debt

听

Outstanding debt

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

听

听	听	June听30, 2013		听	December听31, 2012		听

Senior Credit Facilities:	听	听	听	听	听	听	听
Term loans	听	$	1,599	听	$	1,565	听
Amounts outstanding under A/R programs	听	听	239	听	听	241	听
Senior notes	听	听	646	听	听	568	听
Senior subordinated notes	听	听	892	听	听	892	听
HPS (China) debt	听	听	76	听	听	94	听
Variable interest entities	听	听	259	听	听	270	听
Other	听	听	60	听	听	72	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,771	听	$	3,702	听
听	听	听		听	听		听
Total current portion of debt	听	$	317	听	$	288	听
Long-term portion	听	听	3,454	听	听	3,414	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,771	听	$	3,702	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,771	听	$	3,702	听
Notes payable to affiliates-noncurrent	听	听	4	听	听	4	听
听	听	听		听	听		听
Total debt	听	$	3,775	听	$	3,706	听
听	听	听		听	听		听

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

听

Debt

听

Outstanding debt

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

听

听	听	June听30, 2013		听	December听31, 2012		听

Senior Credit Facilities:	听	听	听	听	听	听	听
Term loans	听	$	1,599	听	$	1,565	听
Amounts outstanding under A/R programs	听	听	239	听	听	241	听
Senior notes	听	听	646	听	听	568	听
Senior subordinated notes	听	听	892	听	听	892	听
HPS (China) debt	听	听	76	听	听	94	听
Variable interest entities	听	听	259	听	听	270	听
Other	听	听	60	听	听	72	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,771	听	$	3,702	听
听	听	听		听	听		听
Total current portion of debt	听	$	317	听	$	288	听
Long-term portion	听	听	3,454	听	听	3,414	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,771	听	$	3,702	听
听	听	听		听	听		听
Total debt鈥攅xcluding debt to affiliates	听	$	3,771	听	$	3,702	听
Notes payable to affiliates-current	听	听	100	听	听	100	听
Notes payable to affiliates-noncurrent	听	听	776	听	听	599	听
听	听	听		听	听		听
Total debt	听	$	4,647	听	$	4,401	听
听	听	听		听	听		听

Schedule of Senior Credit Facilities

As of June听30, 2013, our senior credit facilities ("Senior Credit Facilities") consisted of our revolving credit facility ("Revolving Facility"), our extended term loan B facility ("Extended Term Loan听B"), our extended term loan B facility鈥攕eries听2 ("Extended Term Loan B鈥擲eries听2") and our term loan C facility ("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)
Extended Term Loan B	听	听	NA	听	听	862	听	听	861	听	USD LIBOR plus 2.50%	听	听	2017	听
Extended Term Loan B鈥擲eries听2	听	听	NA	听	听	342	听	听	342	听	USD LIBOR plus 3.00%	听	听	2017	听
Term Loan C	听	听	NA	听	听	419	听	听	396	听	USD LIBOR plus 2.25%	听	听	2016	听

(1): We had no borrowings outstanding under our Revolving Facility; we had approximately $18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 June听30, 2013, the weighted average interest rate on our outstanding balances under the Senior Credit Facilities was approximately 3%.
(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 Term Loan C due June听30, 2016.

Schedule of A/R Programs

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

June听30, 2013

Facility	听	Maturity	听	Maximum Funding Availability(1)	听	Amount Outstanding	听	Interest Rate(2)(3)
U.S. A/R Program	听	April 2016	听	$250	听	$90(4)	听	Applicable Rate plus 1.10%
EU A/R Program	听	April 2016	听	鈧�225 (approximately $293)	听	鈧�114 (approximately $149)	听	Applicable Rate plus 1.35%

(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 June听30, 2013, we had approximately $4听million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.

Summary of outstanding notes

听As of June听30, 2013, we had outstanding the following notes (monetary amounts in millions):

Notes	听	Maturity	听	Interest Rate		听	Amount Outstanding

2020 Senior Notes	听	November 2020	听	听	4.875	%	$650 ($646 carrying value)
Senior Subordinated Notes	听	March 2020	听	听	8.625	%	$350
Senior Subordinated Notes	听	March 2021	听	听	8.625	%	$530 ($542 carrying value)

Redemption of Notes and Loss on Early Extinguishment of Debt

听During the six months ended June听30, 2013 and 2012, 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

March听4, 2013	听	5.50% Senior Notes due 2016	听	$200	听	$200	听	$	34	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

- 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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