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This excerpt taken from the LXK 10-K filed Feb 27, 2009. Senior
Notes
In the second quarter of 2008, the Company repaid its
$150 million of senior note debt that matured on
May 15, 2008, and subsequently issued $350 million of
five-year fixed rate senior unsecured notes as well as
$300 million of ten-year fixed rate senior unsecured notes.
At December 31, 2008, the fair values of the Company’s
five-year and ten-year notes were estimated to be
$280.0 million and $225.0 million, respectively, based
on current rates available to the Company for debt with similar
characteristics. The $505.0 million total fair value of the
debt is not recorded on the Company’s Consolidated
Statements of Financial Position and is therefore excluded from
the fair value table above. The total carrying value of the
senior notes, net of $1.3 million discount, is
$648.7 million on the Consolidated Statements of Financial
Position. Refer to Part II, Item 8, Note 11 of
the Notes to Consolidated Financial Statements for additional
information regarding the senior notes.
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