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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Net
Charge on Debt Retirement
In December 2006, we issued an early redemption notice for the
7.25% senior fixed rate notes due in 2008 (Athena Notes). In
January 2007, the remaining aggregate principal amount of
$613.2 million of the Athena Notes was redeemed and the
related $300.0 million of interest rate swaps were
cancelled. As a result, we incurred a net charge on debt
retirement of $19.2 million, which was recognised using the
effective interest method over the period from the issuance of
the redemption notice to the redemption date. Accordingly, we
recorded a net charge on the redemption of the Athena Notes of
$11.5 million in 2006 and an additional charge of
$7.7 million in 2007.
Table of Contents
For additional information regarding indebtedness, please refer
to Note 20 to the Consolidated Financial Statements and to
“Debt Facilities” in this Financial Review.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Net Charge on Debt Retirement
In June 2005, we incurred a net charge of $20.2 million
(2004: $Nil) associated with the early retirement of
$36.8 million of the Athena Notes due in 2008 and the early
conversion of $206.0 million in aggregate principal amount
of the 6.5% Convertible Notes due in 2008. This reduced our
debt by $242.8 million and our annualised interest expenses
by approximately $16.0 million.
For additional information regarding indebtedness, please refer
to Note 21 to the Consolidated Financial Statements and to
“Debt Facilities” in this Financial Review.
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Net
Charge on Debt Retirement
In June 2005, we incurred a net charge of $51.8 million
(2004: $Nil) associated with the early retirement of
$36.8 million of the Athena Notes due in 2008 and the early
conversion of $206.0 million in aggregate principal amount
of the 6.5% Convertible Notes due in 2008. This reduced our
debt by $242.8 million and our annualized interest expenses
by approximately $16.0 million.
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