Long-Term Debt

The Company's long-term debt consists of the following (dollars in millions):



	June 27, 2014			December 31, 2013
Senior Revolving Credit Facility due 2018, interest payable quarterly at 1.75% and 2.00% respectively	$	120.0		$	120.0
Loan with Japanese bank due 2014 through 2018, interest payable quarterly at 1.98% and 2.00%, respectively (1)	254.8			273.7
2.625% Notes, Series B (net of discount of $18.3 million and $21.7 million, respectively) (2)	338.6			335.2
Loan with Hong Kong bank, interest payable weekly at 1.90% and 1.91%, respectively	25.0			40.0
Loans with Philippine bank due 2014 through 2015, interest payable monthly and quarterly at an average rate of 2.15% and 2.16%, respectively	36.7			39.2
Loan with Chinese bank due 2014, interest payable quarterly at 3.33% and 3.34%, respectively	7.0			7.0
Loan with Singapore bank, interest payable weekly at 1.40% and 1.94%, respectively	30.0			15.0
Loan with British finance company, interest payable monthly at 0.0% and 1.57%, respectively	—			0.2
U.S. real estate mortgages payable monthly through 2016 at an average rate of 4.86%	27.2			28.1
U.S. equipment financing payable monthly through 2016 at 2.94%	7.1			9.5
Canada equipment financing payable monthly through 2017 at 3.81%	5.1			5.9
Canada revolving line of credit, interest payable quarterly at 1.83% and 1.84%, respectively	15.0			15.0
Capital lease obligations	38.4			53.4
Long-term debt, including current maturities	904.9			942.2
Less: Current maturities	(169.4		)	(181.6		)
Long-term debt	$	735.5		$	760.6

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(1)	This loan represents SCI LLC's unsecured loan with SMBC, which is guaranteed by the Company.


(2)	Interest is payable on June 15 and December 15 of each year at 2.625% annually. The 2.625% Notes, Series B may be put back to the Company at the option of the holders of the notes on December 15 of 2016 and 2021 or called at the option of the Company on or after December 20, 2016.

Expected maturities relating to the Company’s long-term debt as of June 27, 2014 are as follows (in millions):



Period	Expected Maturities
Remainder of 2014	$	81.5
2015	130.9
2016	426.8
2017	39.6
2018	243.5
Thereafter	0.9
Total	$	923.2

For purposes of the table above, the 2.625% Notes, Series B are assumed to mature at the earliest put date.

For additional information with respect to the Company's long-term debt, see Note 8: "Long-Term Debt" of the notes to the Company's audited Consolidated Financial Statements included in Part IV, Item 15 of the 2013 Form 10-K.

Debt Guarantees

ON Semiconductor was the sole issuer of the 2.625% Notes, Series B. See Note 16: "Guarantor and Non-Guarantor Statements" for the condensed consolidated financial information for the issuer of the 2.625% Notes, Series B, the guarantor subsidiaries and the non-guarantor subsidiaries.