XML 50 R38.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Long-Term Debt, Net of Unamortized Discount and Debt Issuance Costs
Long-term debt, net of an unamortized discount and debt issuance costs, consisted of the following:
Original
Principal
Annual
Interest Rate
Maturity
Date
September 30, 2022December 31, 2021
Term Loan Facility, net of unamortized discount (1)
1,300 Variable3/11/2028897 897 
2022 Term Loan Facility, net of unamortized discount(1)
400 Variable4/4/2029394 — 
Senior Notes due 2029 1,075 4.625 %3/15/20291,075 1,075 
6.5% Senior Secured Notes due 2025
500 6.50 %5/1/2025— 500 
Standard Bank Term Loan Facility (1)
98 Variable11/11/202675 92 
Australian Government Loan, net of unamortized discountN/AN/A12/31/2036
MGT Loan(2)
36VariableVariable31 33 
Finance leases46 14 
Long-term debt2,519 2,612 
Less: Long-term debt due within one year(22)(18)
Debt issuance costs(34)(36)
Long-term debt, net$2,463 $2,558 
_______________
(1)The average effective interest rate on the Term Loan Facility, the 2022 Term Loan Facility and the Standard Bank Term Loan Facility was 4.7%, 5.1% and 6.8%, respectively, during the nine months ended September 30, 2022. The average effective interest rate on the Term Loan Facility and Standard Bank Term Loan Facility was 4.9% and 6.4%, respectively, during the nine months ended September 30, 2021.
(2)The MGT loan is a related party debt facility. The average effective interest rate on the MGT loan was 4.0% and 3.1% during the nine months ended September 30, 2022 and September 30, 2021, respectively.