EFTA01366962.pdf

Amendment #4 Page 533 of 868 able M Contrni, Denvatwe insImments writ," are not designated as hedgingInshuments consist of ssets ( iabil ties or equity) fair value As of December 314 In thousands Balance sheet classification 2874 2013 Interest rate swaps Accrued expenses and other current liabilites 5 486 3 313 As of December 31, In thousands Statement of operations classification 2014 2013 Interest rate swaps Interest expense (income) 705 5 (158) As of December 31. 2014 and 2013. we are party to three interest rate swap instruments that we accounted for as economic hedges. These instruments are used to hedge fkebrg rate debt and we not accounted for as cash flow hedges Under the interest rate swap agreements, we pay the fixed rate and the frame wisortton cotnterpartes to the agreements pay Ls a floatng interest rate above The amount recorded in the chornlyneo [Vance sheet, as pranced rt the tat* above, reinserts the estimated fat value of the net amount that we would settle on December 31. 2014 and 2013 if the agreemerts were transferred to other thud partes or canceled by re. Because these interest rate arc currency swaps we deemed economic hedges and not accounted for as hedging instruments. the changes in fair value are recognized in rterest expense within the contired statements of operations As of December 31, 2014, we are party to an interest rate swap and two cunercy swaps accoulled for using hedge accounting These nstruments are used to hedge the 'Merest rate d variable rare debt denannated in U S dollars The amount recorded n the combined balance sheet represents the estimated fair value of the net amount that we would setae on December 31, 2014 tithe erythema were transferred to other mad panes or canceled by us We recorded a loss of 512,903 and a gam of 52,762 for the effective portion of these cash how hedges for the year ended December 31, 2014, and 2013 respectively These were recorded to accumulated other comprehensive income (loss) There was no material ineffectiveness recorded fa the years ended December 31, 2014 and 2013, respectively DerwalWe iretherente which are designated as !edging instruments. cone of Assets it.iabilibes or Equity) Fair Value As of December 31, In thousands Balance Sheet classification 2014 2013 Merest rate swap Other long term assets and accumulated other corrivehensrie income $ (4.780) S 3 669 Cross carency swaps Other long term assets and accumulated ether comprehensive uxome 5 18,183 S 5.589 The Company has netted these hedging instruments and they are included in other assets on the combined balance sheet F.213 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058490 CONFIDENTIAL SDNY_GM_00204674 EFTA01366962