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ELN » Topics » Debt Instruments

This excerpt taken from the ELN 20-F filed Feb 26, 2009.
Debt Instruments
 
The carrying values and fair values (based on unadjusted quoted prices) of our debt instruments were as follows (in millions):
 
                                 
    At December 31, 2008     At December 31, 2007  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value  
 
7.75% Notes
  $ 850.0     $ 493.0     $ 850.0     $ 795.8  
Floating Rate Notes due 2011
    300.0       159.0       300.0       284.3  
8.875% Notes
    465.0       240.1       465.0       456.3  
Floating Rate Notes due 2013
    150.0       70.7       150.0       144.2  
                                 
Total convertible debt and guaranteed notes
  $ 1,765.0     $ 962.8     $ 1,765.0     $ 1,680.6  
                                 
 
This excerpt taken from the ELN 20-F filed Feb 28, 2008.
Debt Instruments
 
The fair values of debt instruments were as follows (in millions):
 
                                 
    At December 31, 2007     At December 31, 2006  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value  
 
7.75% Notes
  $ 850.0     $ 795.8     $ 850.0     $ 838.3  
Floating Rate Notes due 2011
    300.0       284.3       300.0       297.8  
8.875% Notes
    465.0       456.3       465.0       465.0  
Floating Rate Notes due 2013
    150.0       144.2       150.0       148.9  
Athena Notes(1)
    —       —       613.2       625.5  
                                 
Total convertible debt and guaranteed notes
  $ 1,765.0     $ 1,680.6     $ 2,378.2     $ 2,375.5  
                                 
 
 
(1) Redeemed in full in January 2007.
 
This excerpt taken from the ELN 6-K filed Mar 30, 2007.
Debt Instruments
 
The fair value of debt instruments are derived from publicly quoted prices. The carrying value of our debt instruments, stated net of financing costs and excluding accrued interest, are as follows:
 
                         
    At 31 December 2006   At 31 December 2005
 
    Carrying Value
 		  Fair Value
 		  Carrying Value
 		  Fair Value
    $m   $m   $m   $m
 
Athena Notes(1)
    619.1     625.5     610.8     598.6
6.5% Convertible Notes
    —     —     202.5     496.3
7.75% Notes
    835.8     838.3     832.9     794.8
Floating Rate Notes due 2011
    295.0     297.8     294.0     285.0
8.875% Notes
    456.0     465.0     —     —
Floating Rate Notes due 2013
    147.0     148.9     —     —
                         
Total current and long-term debts
    2,352.9     2,375.5     1,940.2     2,174.7
                         
 
(1)  Redeemed in full in January 2007.
 
This excerpt taken from the ELN 20-F filed Feb 28, 2007.
Debt Instruments
 
The fair values of debt instruments were as follows (in millions):
 
                                 
    At December 31,
 		    At December 31,
 		 
    2006     2005  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value  
 
Athena Notes(1)
  $ 613.2     $ 625.5     $ 613.2     $ 598.6  
6.5% Convertible Notes
    —       —       254.0       496.3  
7.75% Notes
    850.0       838.3       850.0       794.8  
Floating Rate Notes due 2011
    300.0       297.8       300.0       285.0  
8.875% Notes
    465.0       465.0       —       —  
Floating Rate Notes due 2013
    150.0       148.9       —       —  
                                 
Total convertible debt and guaranteed notes
  $ 2,378.2     $ 2,375.5     $ 2,017.2     $2,174.7  
                                 
 
 
(1) Redeemed in full in January 2007.
 
This excerpt taken from the ELN 6-K filed Mar 31, 2006.
Debt Instruments
The fair value of debt instruments are derived from publicly quoted prices. The carrying value of our debt instruments, stated net of financing costs and excluding accrued interest, are as follows:
                                 
    At 31 December 2005   At 31 December 2004
 
    Carrying Value   Fair Value   Carrying Value   Fair Value
    $m   $m   $m   $m(1)
 
EPIL III Notes(2)
    —       —       39.0       39.0  
Athena Notes
    610.8       598.6       646.3       679.3  
6.5% Convertible Notes
    202.5       496.3       447.4       1,754.9  
7.75% Notes
    832.9       794.8       830.6       909.5  
Floating Rate Notes
    294.0       285.0       293.1       317.3  
 
Total convertible debt and guaranteed notes
    1,940.2       2,174.7       2,256.4       3,700.0  
 
(1) The total fair value of the debt instruments decreased significantly following the voluntary suspension of Tysabri in February 2005, primarily due to the decrease in the option value of the 6.5% Convertible Notes.
 
(2) The fair value of the EPIL III Notes approximates the carrying value as EPIL III repaid the remaining guaranteed notes of $39.0 million in March 2005.
This excerpt taken from the ELN 20-F filed Mar 30, 2006.
Debt Instruments
 
The fair value of debt instruments was as follows (in millions):
 
                                 
    At December 31, 2005     At December 31, 2004  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value(1)  
 
EPIL III Notes(2)
  $ —     $ —     $ 39.0     $ 39.0  
Athena Notes
    613.2       598.6       650.0       679.3  
6.5% Convertible Notes
    254.0       496.3       460.0       1,754.9  
7.75% Notes
    850.0       794.8       850.0       909.5  
Floating Rate Notes
    300.0       285.0       300.0       317.3  
                                 
Total convertible debt and guaranteed notes
  $ 2,017.2     $ 2,174.7     $ 2,299.0     $ 3,700.0  
                                 
 
 
(1) The fair value of the debt instruments decreased significantly following the voluntary suspension of Tysabri in February 2005, primarily due to the decrease in the option value of the 6.5% Convertible Notes.
 
(2) The fair value of the EPIL III Notes approximates the carrying value as EPIL III repaid the remaining guaranteed notes of $39.0 million in March 2005.
 

EXCERPTS ON THIS PAGE:

20-F
Feb 26, 2009
20-F
Feb 28, 2008
6-K
Mar 30, 2007
20-F
Feb 28, 2007
6-K
Mar 31, 2006
20-F
Mar 30, 2006

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