(15) Debt The Company’s consolidated debt consists of the following:
| | | | | | | | | | | | | | | | | | | | September 30, 2016 | | September 30, 2015 | | | | | Amount | | Rate | | Amount | | Rate | | Interest Rate | HRG | | | | | | | | | | | 7.875% Senior Secured Notes, due July 15, 2019 | | $ | 864.4 |
| | 7.9 | % | | $ | 864.4 |
| | 7.9 | % | | Fixed rate | 7.75% Senior Unsecured Notes, due January 15, 2022 | | 890.0 |
| | 7.8 | % | | 890.0 |
| | 7.8 | % | | Fixed rate | Spectrum Brands | | | | | | | | | | | Term Loan, due June 23, 2022 | | 1,005.5 |
| | 3.6 | % | | 1,226.9 |
| | 3.9 | % | | Variable rate, see below | CAD Term Loan, due June 23, 2022 | | 54.9 |
| | 4.6 | % | | 55.7 |
| | 4.4 | % | | Variable rate, see below | Euro Term Loan, due June 23, 2022 | | 63.0 |
| | 3.5 | % | | 255.8 |
| | 3.5 | % | | Variable rate, see below | 6.375% Notes, due November 15, 2020 | | 129.7 |
| | 6.4 | % | | 520.0 |
| | 6.4 | % | | Fixed rate | 6.625% Notes, due November 15, 2022 | | 570.0 |
| | 6.6 | % | | 570.0 |
| | 6.6 | % | | Fixed rate | 6.125% Notes, due December 15, 2024 | | 250.0 |
| | 6.1 | % | | 250.0 |
| | 6.1 | % | | Fixed rate | 5.75% Notes, due July 15, 2025 | | 1,000.0 |
| | 5.8 | % | | 1,000.0 |
| | 5.8 | % | | Fixed rate | 4.00% Notes, due October 1, 2026 | | 477.0 |
| | 4.0 | % | | — |
| | — | % | | Fixed rate | Revolver Facility, expiring June 23, 2020 | | — |
| | — | % | | — |
| | — | % | | Variable rate, see below | Other notes and obligations | | 16.8 |
| | 9.8 | % | | 11.2 |
| | 10.2 | % | | Variable rate | Obligations under capitalized leases | | 114.7 |
| | 5.5 | % | | 88.2 |
| | 5.7 | % | | Various | HGI Energy | | | | | | | | | | | 9.0% HGI Energy Note to FGL*, due February 14, 2021 | | — |
| | — | % | | 50.0 |
| | 9.0 | % | | Fixed rate | Salus | | | | | | | | | | | Unaffiliated long-term debt of consolidated variable-interest entity | | 39.7 |
| | — | % | | 40.4 |
| | — | % | | Variable rate, see below | Long-term debt of consolidated variable-interest entity with FGL* | | 63.0 |
| | — | % | | 274.0 |
| | 3.9 | % | | Variable rate, see below | Unaffiliated secured borrowings under non-qualifying loan participations | | 2.0 |
| | — | % | | 8.8 |
| | 10.5 | % | | Fixed rate | Secured borrowings under non-qualifying loan participations with FGL* | | — |
| | — | % | | 4.2 |
| | 4.5 | % | | Variable rate, see below | Promissory note to FGL* | | — |
| | — | % | | 2.5 |
| | 5.3 | % | | Fixed rate | Total | | 5,540.7 |
| | | | 6,112.1 |
| | | | | Original issuance discounts on debt, net of premiums | | (22.8 | ) | | | | (25.7 | ) | | | | | Unamortized debt issue costs | | (87.0 | ) | | | | (101.8 | ) | | | | | Total debt | | 5,430.9 |
| | | | 5,984.6 |
| | | | | Less current maturities and short-term debt | | 166.0 |
| | | | 45.1 |
| | | | | Non-current portion of debt | | $ | 5,264.9 |
| | | | $ | 5,939.5 |
| | | | |
* The debt balances included in the accompanying Condensed Consolidated Balance Sheets and in the table above reflect transactions between the business held for sale and businesses held for use that are expected to continue to exist after the close of the FGL Merger. Such transactions are not eliminated in the Condensed Consolidated Financial Statements in order to appropriately reflect the continuing operations and balances held for sale. Aggregate scheduled maturities of debt and capital lease obligations as of September 30, 2016 are as follows:
| | | | | | | | | | | | | | Fiscal Year | | Capital lease obligations | | HRG debt - Parent Only | | Consolidated | 2017 | | $ | 10.0 |
| | $ | — |
| | $ | 166.0 |
| 2018 | | 9.5 |
| | — |
| | 24.8 |
| 2019 | | 8.8 |
| | 864.4 |
| | 884.6 |
| 2020 | | 8.5 |
| | — |
| | 19.9 |
| 2021 | | 10.0 |
| | — |
| | 124.0 |
| Thereafter | | 67.9 |
| | 890.0 |
| | 4,321.4 |
| Long-term debt | | $ | 114.7 |
| | $ | 1,754.4 |
| | $ | 5,540.7 |
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HRG 7.875% Notes As of September 30, 2016 and 2015, the Company had an outstanding balance of $864.4 of 7.875% senior secured notes due 2019 (the “7.875% Notes”). Interest on the 7.875% Notes is payable semiannually, in January and July.
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