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

DEBT (Tables)

9 Months Ended

Sep. 30, 2011

听

乐天堂fun88(中国区)官方网站 Corporation

听		听	September听30, 2011		听	December听31, 2010		听

Senior Credit Facilities:		听	听	听	听	听	听	听
听	Term loans	听	$	1,694	听	$	1,688	听
Amounts outstanding under A/R programs		听	听	245	听	听	238	听
Senior notes		听	听	467	听	听	452	听
Senior Subordinated notes		听	听	1,076	听	听	1,279	听
Australian credit facilities		听	听	27	听	听	33	听
HPS (China) debt		听	听	167	听	听	188	听
Variable interest entities		听	听	306	听	听	200	听
Other		听	听	95	听	听	68	听
听		听	听		听	听		听
Total debt聴excluding debt to affiliates		听	$	4,077	听	$	4,146	听
听		听	听		听	听		听
Total current portion of debt		听	$	230	听	$	519	听
Long-term portion		听	听	3,847	听	听	3,627	听
听		听	听		听	听		听
Total debt聴excluding debt to affiliates		听	$	4,077	听	$	4,146	听
听		听	听		听	听		听
Total debt聴excluding debt to affiliates		听	$	4,077	听	$	4,146	听
Notes payable to affiliates-noncurrent		听	听	4	听	听	4	听
听		听	听		听	听		听
Total debt		听	$	4,081	听	$	4,150	听
听		听	听		听	听		听

乐天堂fun88(中国区)官方网站 International

听		听	September听30, 2011		听	December听31, 2010		听

Senior Credit Facilities:		听	听	听	听	听	听	听
听	Term loans	听	$	1,694	听	$	1,688	听
Amounts outstanding under A/R programs		听	听	245	听	听	238	听
Senior notes		听	听	467	听	听	452	听
Subordinated notes		听	听	1,076	听	听	1,279	听
Australian credit facilities		听	听	27	听	听	33	听
HPS (China) debt		听	听	167	听	听	188	听
Variable interest entities		听	听	306	听	听	200	听
Other		听	听	95	听	听	68	听
听		听	听		听	听		听
Total debt聴excluding debt to affiliates		听	$	4,077	听	$	4,146	听
听		听	听		听	听		听
Total current portion of debt		听	$	230	听	$	519	听
Long-term portion		听	听	3,847	听	听	3,627	听
听		听	听		听	听		听
Total debt聴excluding debt to affiliates		听	$	4,077	听	$	4,146	听
听		听	听		听	听		听
Total debt聴excluding debt to affiliates		听	$	4,077	听	$	4,146	听
Notes payable to affiliates-current		听	听	100	听	听	100	听
Notes payable to affiliates-noncurrent		听	听	544	听	听	439	听
听		听	听		听	听		听
Total debt		听	$	4,721	听	$	4,685	听
听		听	听		听	听		听

听

Facility	听	Committed Amount		听	Principal Outstanding		听	Carrying Value		听	Interest Rate	听	Maturity		听

Revolving Facility	听	$	300	听	$	聴	(1)	$	聴	(1)	USD LIBOR plus 3.00%	听	听	2014	(2)
Term Loan B	听	听	NA	听	$	652	听	$	652	听	USD LIBOR plus 1.50%	听	听	2014	(2)
Term Loan C	听	听	NA	听	$	427	听	$	392	听	USD LIBOR plus 2.25%	听	听	2016	(2)
Extended Term Loan B	听	听	NA	听	$	650	听	$	650	听	USD LIBOR plus 2.50%	听	听	2017	(2)

(1): We had no borrowings outstanding under our Revolving Facility; we had approximately $25听million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility.
(2): The Revolving Facility matures in March 2014, but is subject to optional extensions from time to time with the consent of the lenders and subject to certain specified conditions and exceptions. Notwithstanding the stated maturity dates, the maturities of the Revolving Facility and Term Loan听B will accelerate if we do not repay, or refinance, all but $100听million of 乐天堂fun88(中国区)官方网站 International's outstanding debt securities on or before three months prior to the maturity dates of such debt securities. The maturity of the Extended Term Loan B will also accelerate if we do not repay, refinance or have a minimum level of liquidity available to enable us to refinance or repay our outstanding 5.50% senior notes due 2016 at least three months prior to the maturity date of such notes.

听

Facility	听	Maturity	听	Maximum Funding Availability(1)	听	Amount Outstanding	听	Interest Rate(2)

U.S. A/R Program	听	April 2014	听	$250	听	$90	听	Applicable rate(3) plus 1.50% - 1.65%
EU A/R Program	听	April 2014	听	聙225	听	聙114	听	Applicable rate(3) plus 2.0%
听	听	听	听	(approximately $306)	听	(approximately $155)	听	听

(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 the EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR.

听

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

Three months ended September听30, 2011	听	6.875% Senior Subordinated Notes due 2013	听	聙14 (approximately $19)	听	聙14 (approximately $19)	听	听	聴	听
Three months ended September听30, 2011	听	7.5% Senior Subordinated Notes due 2015	听	聙12 (approximately $17)	听	聙12 (approximately $17)	听	听	聴	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
September听27, 2010	听	6.875% Senior Subordinated Notes due 2013	听	聙132 (approximately $177)	听	聙137 (approximately $183)	听	$	7	听
March听17, 2010	听	6.875% Senior Subordinated Notes due 2013	听	聙184 (approximately $253)	听	聙189 (approximately $259)	听	$	7	听
March听17, 2010	听	7.50% Senior Subordinated Notes due 2015	听	聙59 (approximately $81)	听	聙59 (approximately $81)	听	$	2	听
January听11, 2010(1)	听	7.00% Convertible Notes due 2018	听	$250	听	$382	听	$	146	听

(1): The convertible notes due 2018 were issued to Apollo in December 2008 as part of a settlement agreement with Apollo. These convertible notes, which would have matured on December听23, 2018, bore interest at the rate of 7% per year and were convertible into approximately 31.8听million shares of our common stock at any time by the holders.