For instance, in the three years ended Dec. 31, 2020, 402 nonfinancial companies defaulted, while only 24 financials did. Note: The totals included may differ from the counts in table 1 because defaults that are not rated at the beginning of the pool year are excluded. On July 31, 2020, S&P Global Ratings raised the issuer credit rating to 'CCC+' from 'SD' on the basis of increased liquidity. Distribuidora Internacional de Alimentacion S.A. On a year-over-year basis, the number of rated defaults globally was higher in every quarter of 2020 relative to 2019 (see chart 14). On Oct. 21, 2020, S&P Global Ratings withdrew its ratings at the issuer's request. On Aug. 6, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Switzerland-based offshore drilling contractor Transocean Ltd. to 'SD' from 'CCC' after the issuer opted for an exchange of US$356 million due in 2023 for US$ 213 million new debt at a higher interest rate. These weights are based on each cohort's rating level's contribution to the 40-year total issuer base for each rating level. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. On Oct. 15, 2020, S&P Global Ratings lowered the issuer credit rating to 'CC' and on Nov. 16, 2020, lowered it to 'SD' from 'CC'. Historically, a growing concentration of speculative-grade ratings often precedes a period of increased defaults. A market share war between Saudi Arabia and Russia led to a crash in crude oil prices, on top of the significant demand destruction for crude oil and natural gas due to the coronavirus. Weights are based on the number of issuers in each static pool. High technology/computers/office equipment. An improving picture in 2017 . On Sept. 28, 2020, S&P Global Ratings lowered its long-term issuer credit rating on French trade show organizer Cassini SAS to 'D' from 'CCC' after the issuer entered into safeguard procedures because of losses caused by COVID-19-related show cancellations and postponements. The company was continuing discussions with its debtholders, and we believed these would result in a comprehensive debt restructuring or a bankruptcy filing. On Aug. 5, 2020, S&P Global Ratings raised the issuer credit ratings to 'CCC+' from 'D', as the company completed a distressed restructuring and amended its first-and second-lien credit agreements. On May 4, 2020, S&P Global Ratings lowered its long-term issuer credit rating on New York-based apparel retailer J. Scribd is the world's largest social reading and publishing site. On Oct. 20, 2020, S&P Global Ratings raised its issuer credit ratings to 'B-' from 'D' after the issuer announced it had completed a debt restructuring transaction, resulting in US$400 million of debt reduction. On May 27, 2020, Texas-based retailer Tuesday Morning Corp. defaulted as the company filed for Chapter 11. It is expected to reduce debt by US$500 million. Default & Recovery Database | Moody's Analytics From Jan. 1, 1981-Dec. 31, 2020, a total of 21,693 first-time-rated organizations were added to form new static pools, while we excluded 3,098 defaulting companies and 11,448 companies that are no longer assigned ratings (NR). It is important to note that S&P Global Ratings' credit ratings do not imply a specific probability of default. On April 7, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Australia-based telecom service provider Speedcast International Ltd. to 'D' from 'CCC' after the issuer missed interest payments on its US$600 million term loan, due on March 31, 2020. On Oct. 28, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Indonesia-based retailer PT Alam Sutera Realty Tbk. The issuer missed the aggregate interest payments on first-, second-, and 1.5-lien term loans due in 2021 and 2022, which was unlikely to be paid in the 30-day grace period. This compares with a Gini of 88.3% and a default rate of 2.5% in 2019. On Aug. 14, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Texas-based midstream energy company Martin Midstream Partners L.P. to 'SD' from 'CC' after the issuer announced the completion of the distressed exchange of US$364.5 million senior unsecured notes due in 2021. A default is assumed to take place on the earliest of: When an issuer defaults, it is not uncommon for S&P Global Ratings to subsequently withdraw the 'D' rating. Defaults increased in many sectors in 2020, though the consumer services and energy and natural resources sectors once again led the global default tally, together accounting for almost 54% of the total. Annual corporate bond issuance reached an all-time high in 2020, largely after the Fed and European Central Bank both created massive liquidity facilities in March, in response to the pandemic. Many default studies, including this one, also look at transition rates, which gauge the degree to which ratings change--either up or down--over a particular period. On Aug. 26, 2020, we raised the issuer credit rating to 'CCC' from 'SD'. S&P Forecast. Broadly consistent with 2019, almost 54% of defaults in 2020 came from two sectors: consumer services and energy and natural resources (with 122 defaults combined). As coincident indicators, the proportion of new speculative-grade ratings at 'B-' or lower in the U.S. and the year-end U.S. speculative-grade default rate generally mirror each other throughout most of their shared history (see chart 17). Loan loss charges also retreated to well below management's earlier guidance to 117 million (Q3 2020: 273 million) or 10 basis The issuer reached an agreement with 78% of its intellectual property notes lender and 71% of its term loan lenders to exchange around US$1.65 billion of debt for equity. On Dec. 10, 2020, S&P Global Ratings raised the issuer credit rating to 'CCC+' from 'SD' following the company's debt exchange. On Sept. 21, 2020, S&P Global Ratings assigned its point-in-time 'BB-' issue-level rating to the $100 million debtor-in-possession facility provided to Fieldwood, which filed for Chapter 11 protection under the U.S. Bankruptcy Code on Aug. 3, 2020. As the Gini ratios show, corporate ratings also serve as effective measures of relative risk over time, particularly in low-default years. Sources: S&P Global Ratings Research and S&P Global Market Intelligence's CreditPro. Corporate Power; Enforceability : 35 : 3.3 : Company Board Approval; Fairness Opinion; Anti-Takeover Laws : 36 : . S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. Four other sectors' speculative-grade proportions are greater than 70%, and telecommunications reached nearly 68% at the end of 2020. We subsequently withdrew the issuer credit ratings at the issuer's request. On July 2, 2020, we raised the issuer credit rating to 'B-' from 'D' after RGIS completed its debt restructuring and eliminated over US$ 230 million of debt, which, in turn, improved leverage. Defaults in 2020 came from all sectors, but--consistent with recent years--were heavily represented by two sectors: the energy and natural resources sector (with 62 defaults) and the consumer services sector (with 60 defaults). The issuer aims to eliminate US$840 million of debt by using restructuring and a US$230 million debtor-in-possession facility. Distressed exchanges (which are typically selective defaults) accounted for 37.6% of all defaults, the same as missed interest or principal payments (37.6%). On June 15, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Calfrac to 'D' from 'CCC-' after the issuer missed an interest payment due on June 15 and entered into the grace period. Multiyear transitions. The company had a $135 million interest payment due in mid-July and a $208 million debt maturity in August 2020, and its bonds traded at less than $0.10 on the dollar. This is roughly in line with the annual average since 2010, which is 76.7%. The transaction reduced the company's annual interest payments by about US$19.25 million. default rates and decrease of recovery rates registered during a substantial part of the 1999-2009 period. 2021 US Loan Default Rate In Line with 2020; HY Trending Lower On Aug. 26, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Virginia-based travel assistance provider KCIBT Holdings L.P. to 'SD' from 'CCC+' after the issuer deferred a cash interest payment on its second lien-term loan. Earlier, on June 9, 2020, we withdrew the issuer credit ratings at the issuer's request. (PDF) Curve fitting of the corporate recovery rates: the comparison of de C.V. to 'D' from 'B-' after the issuer filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. On July 2, 2020, we raised our issuer credit rating on BLY to 'CCC+' from 'SD' as the company completed amending interest payments on its senior secured notes to PIK from cash for 2020. Moody's Investors Service analysts use this . Other methods may calculate default rates using only the most recent year's default and rating data, which may yield comparatively low default rates during periods of high rating activity because they ignore prior years' default activity. On Jan. 21, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Panda Green Energy Group Ltd. to 'SD' from 'CC' on completion of a distressed exchange offer on its U.S. bonds due in January 2020. The shareholder made an offer to purchase the remaining 2023 notes. Later, on Dec. 10, 2020, we raised the issuer credit rating to 'CCC+' from 'SD' after the company completed debt repurchases on favorable terms. On April 8, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Texas-based specialized crane service provider North American Lifting Holdings Inc. to 'SD' from 'CCC-'. Default, Transition, and Recovery: 2021 Annual Global Corporate Default The number of companies rated in the 'BBB' category has grown by 27% since the beginning of 2008, to roughly 1,847 at the end of 2020. On Jan. 15, 2020, S&P Global Ratings withdrew its ratings at the issuer's request. In table 13, the times to default are from the date that each entity received each unique rating in its path to default. Corporate Defaults Slow, Lifting Debt Market - WSJ S&P Global Ratings then withdrew the long-term issuer credit rating at the issuer's request. On May 14, 2020, we withdrew the ratings on the issuer. Therefore, each annual default study is self-contained and effectively supersedes all previous versions. But in a report issued today, the credit ratings. In 2021, we rated over $6 trillion of issuance and served more than 1,100 issuers who accessed the markets for the first time. But over the past three years--now that more than a decade has passed since the financial crisis of 2008-2009--financial services defaulters show a median rating in the 'B' category five years prior to default. On July 6, 2004, we withdrew our ratings on the issuer. In addition to relief against very tight financial covenants, second-lien term loan lenders agreed to exchange annual cash interest payments of LIBOR plus 1,000 basis points (L+1000 bps) (1% LIBOR floor) for cash interest payments of L+100 bps (1% LIBOR floor) plus 1,000 bps PIK along with warrants to potentially acquire equity in the company. IssuanceEconomist For 2019's offerings of US$-denominated corporate bonds, The group entered into a forbearance agreement with its bondholders, such that they will not take any enforcement action with respect to the nonpayment of interest payments on the 2026 notes that were due on Oct. 30, 2020, or on the 2024 notes that were due on Nov. 16, 2020. On Aug. 21, 2020, S&P Global Ratings lowered its long-term issuer credit rating on North American building materials supplier and manufacturer Northwest Hardwoods Inc. to 'SD' from 'CCC-' after the issuer elected not to pay interest on its 2021 senior secured notes. In connection with the filing, the company entered into a restructuring support agreement with the holders of approximately 92% of the principal amount of its tranche B-2 term loan and approximately 87% of the principal amount of its asset-based lending FILO term loan. The latest step in this effort is the plan put forth by House Democrats in mid-January. S&P reserves the right to disseminate its opinions and analyses. On Nov. 18, 2020, S&P Global Ratings lowered the issuer credit ratings to 'D' from 'CCC-' after the issuer missed interest payments due on Oct. 15, 2020, and announced that it had entered into a restructuring support agreement, which it intended to file for bankruptcy. In this new report, Moody's forecasts that the rate will peak at 7.3% in March 2021, and then decline to 4.7% by December. As a supplement to many of the averages and time series presented in this study, standard deviations are also shown to provide a gauge of the dispersion of data behind these averages. Meanwhile, the downgrade rate more than doubled, to 18.5% from 9.0% in 2019. Outerstuff reached an agreement with its lenders to extend its term loan maturity to December 2023 and paid its lenders the principal and interest it missed in March, June, and September 2020. As in most recovery periods, defaults fell relative to the prior year, with the S&P Global Ratings global speculative-grade corporate default rate falling below 2% for only the eighth time in the past 41 . Sources: S&P Global Ratings Research and S&P Global Market Intelligence's CreditPro. On June 15, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Virginia-based tobacco leaf merchant Pyxus International Inc to 'D' from 'CCC-' after the issuer announced a reorganization process under Chapter 11 of the U.S. Bankruptcy Code with 92% of principal amount of its first-lien notes and 67% of its second-lien notes holders. This transaction brought remaining principal balance to US$29 million. Sources: S&P Global Ratings Research and S&P Global Market Intelligence's CreditPro. US$110 million floating rate first-lien bank loan due Dec. 17, 2020, US$872 million floating rate first-lien TL B2 bank loan due April 21, 2024, US$75 million floating rate revolver bank loan due April 21, 2022, US$215 million floating rate second-lien term bank loan due April 21, 2025, US$306.5 million floating rate term bank loan due Nov. 2, 2020, US$740 million floating rate first-lien term loan B bank loan due Dec. 5, 2023, 225 million floating rate notes due Aug. 1, 2022, 375 million 6.50% notes due Aug. 1, 2023, 65 million floating rate first-lien guaranteed bank loan due July 27, 2022, US$300 million 7.25% bonds due Feb. 22, 2020, US$300 million 6.40% bonds due July 10, 2021, US$250 million 7.875% bonds due March 22, 2021, CNY1 billion 7.20% bonds due Dec. 20, 2022, CNY600 million 7.08% bonds due Oct. 8, 2022, US$95 million variable rate bank loan due Aug. 4, 2020, US$350 million 8.25% notes due Jan. 25, 2020, US$112.308 million 8.00% notes due Jan. 20, 2022, 85 million variable-rate revolving credit facility bank loan due June 13, 2020, 55 million variable-rate second-lien bank loan due June 13, 2022, 460 million variable-rate bank loan due July 13, 2021, 160 million variable-rate bank loan due April 9, 2020, US$750 million variable-rate bank loan due April 9, 2020, US$290 million variable-rate (outstanding amount US$160 million) bank loan due Oct. 9, 2020, US$300 million 9.00% senior secured second-lien notes due Nov. 15, 2020, US$336 million floating rate first-lien term bank loan due Nov. 15, 2021, US$210 million 9.00% notes due May 15, 2023, US$1.15 billion floating rate term B bank loan due Nov. 12, 2020, US$640 million first-lien guaranteed senior secured asset-based revolver, US$100 million 7.15% debenture due Nov. 1, 2027, US$300 million 6.875% debenture due March 15, 2029, US$310 million 9.00% notes due July 15, 2026, US$268 million 6.875% debenture due July 15, 2031, US$157 million 7.795% second-lien guaranteed secured due July 15, 2030, 300 million 7.75% notes due Feb. 15, 2023, 200 million floating rate bank loan due Feb. 11, 2021, 60 million floating rate bank loan due Feb. 11, 2021, US$655 million floating rate first-lien term bank loan due April 19, 2024, US$100 million floating rate revolver bank loan due April 20, 2022, US$160 million floating rate second-lien term bank loan due April 18, 2025, US$35 million super-priority term bank loan due Jan. 21, 2021, US$200 million floating rate term B bank loan due April 30, 2021, US$440 million 7.00% guaranteed notes due June 12, 2020, CNY2 billion 6.2% debenture due July 30, 2020, CNY1 billion 7.00% notes due Sept. 28, 2020, CNY2 billion 7.5% debenture due Nov. 13, 2020, CNY1 billion 7.5% debenture due Jan. 18, 2021, CNY1 billion 7.85% notes due March 23, 2021, CNY1.5 billion 7.5% notes due June 13, 2021, CNY3.5 billion 7.8% debenture due July 25, 2021, CNY2.6 billion 8.18% debenture due Sept. 4, 2021, CNY900 million 8.18% debenture due Oct. 25, 2021, CNY500 million 6.8% debenture due March 13, 2022, CNY2.5 billion 6.55% debenture due March 13, 2022, US$165 million floating rate first-lien term bank loan due March 1, 2023, US$45 million floating rate second-lien term bank loan due March 1, 2024, US$20 million floating rate revolver bank loan due March 1, 2022, US$650 million 8.50% notes due June 15, 2026, US$120 million second-lien 10.875% notes due March 15, 2026, C$335 million first-lien senior secured revolver due June 1, 2022, US$280 million floating rate first-lien term bank loan due Jan. 31, 2021, US$110 million floating rate second-lien term bank loan due Jan. 31, 2022, US$250 million 6.125% senior notes due March 15, 2022, US$175 million floating rate term B bank loan due Nov. 8, 2022, US$200 million first-lien senior secured asset-based revolver due July 10, 2020, US$579 million first-lien guaranteed senior secured term B due Nov. 7, 2020, US$1.8 billion floating rate term loan bank loan due Aug. 21, 2022, US$225 million 8.625% notes due June 1, 2021, US$50 million 8.40% debenture due Oct. 15, 2029, US$100 million 7.68% debenture due Oct. 1, 2034, US$125 million 7.45% debenture due July 1, 2035, US$150 million 7.00% debenture due Nov. 1, 2025, US$100 million 6.80% debenture due Aug. 15, 2026, US$200 million 7.05% debenture due Oct. 1, 2046, US$1.095 billion 9.00% senior notes due Aug. 15, 2031, US$400 million 7.875% senior notes due Jan. 15, 2027, US$1.1 billion 8.50% senior notes due April 15, 2020, US$500 million 8.75% notes due April 15, 2022, US$500 million 9.25% senior unsecured notes due July 1, 2021, US$800 million 7.125% senior unsecured notes due Jan. 15, 2023, US$750 million 7.625% senior unsecured notes due April 15, 2024, US$775 million 6.25% senior notes due Sept. 15, 2021, US$775 million 6.875% senior notes due Jan. 15, 2025, US$1.5 billion floating rate delayed draw term A bank loan due March 31, 2021, US$1 billion 8.875% notes due Sept. 15, 2020, US$3.6 billion 11.00% notes due Sept. 15, 2025, US$2 billion 10.50% notes due Sept. 15, 2022, US$315 million floating rate term bank loan due Oct. 12, 2021, US$850 million floating rate revolver bank loan due Feb. 27, 2024, US$1.74 billion floating rate Term B-1 bank loan due June 15, 2024, US$1.6 billion second-lien notes due April 1, 2026, US$1.65 billion 8.00% first-lien notes due April 1, 2027, US$200 million 6.75% debenture series F due May 15, 2027, US$93.45 million 6.75% debenture series F due May 15, 2027, US$300 million 6.86% debenture series E due Feb. 1, 2028, US$24 million 6.86% debenture series E due Feb. 1,2028, US$200 million 6.73% debenture series G due Feb. 15, 2028, US$10 million 6.73% debenture series G due Feb. 15, 2028, US$100 million 8.50% first mortgage bond due Nov. 15, 2031, US$435 million floating rate first-lien term bank loan due April 6, 2022, US$35 million revolver bank loan due Oct. 6, 2021, US$300 million 8.00% notes due Oct. 4, 2022, US$800 million floating rate first-lien term bank loan due Feb. 1, 2024, US$230 million floating rate second-lien term bank loan due Jan. 31, 2025, US$300 million 6.95% notes due April 19, 2020, US$224 million 10% step-up notes due March 27, 2022, US$175 million second-lien term bank loan due Sept. 29, 2021, US$100 million first-lien senior secured term bank loan due Sept. 29, 2020, US$380 million floating rate term B bank loan due Sept. 29, 2020, US$220 million floating rate term bank loan due March 19, 2021, US$2.4 billion bank loan due April 12, 2023, US$1.2 billion 5.75% notes due March 15, 2021, US$750 million 6.25% notes due April 1, 2023, US$1 billion convertible due April 1, 2020, US$173.914 million 5.75% convertible notes due 2021, US$162.962 million 6.25% convertible notes due 2023, US$750 million 6.625% senior notes due Jan. 15, 2026, US$375 million floating rate term loan B bank loan due Feb. 28, 2023, US$215 million first-lien guaranteed senior secured revolver bank loan due March 31, 2022, US$375 million 7.25% notes due May 15, 2021, US$535 million 9.875% notes due April 1, 2022, US$400 million 9.625% notes due April 1, 2023, US$815 million floating rate first-lien term bank loan due July 8, 2022, US$150 million floating rate second-lien term bank loan due July 10, 2023, US$120 million floating rate revolver bank loan due June 30, 2022, US$600 million floating rate term bank loan due Dec. 21, 2020, US$80 million floating rate revolver bank loan due May 15, 2023, US$195 million floating rate second-lien term bank loan due May 15, 2026, US$660 million floating rate first-lien term bank loan due May 15, 2025, US$450 million floating rate second-lien bank loan due March 1, 2024, US$350 million first-lien senior secured revolver bank loan due March 1, 2022, US$25.5 million floating rate revolver bank loan due Dec. 31, 2020, US$310 million floating rate first-lien term bank loan due June 30, 2021, US$110 million floating rate second-lien term bank loan due June 30, 2022, US$62.5 million floating rate revolver bank loan due April 29, 2021, US$880 million floating rate term B bank loan due April 29, 2022, US$600 million floating rate bank loan due May 15, 2025, US$100 million first-lien guaranteed senior secured revolver bank loan due May 15, 2023, US$30 million floating rate revolving bank loan due Aug. 27, 2020, US$185 million floating rate second-lien term bank loan due Nov. 29, 2021, US$470 million floating rate first-lien term bank loan due Nov. 27, 2020, US$650 million 7.125% senior unsecured notes due Nov. 1, 2020, US$600 million 7.375% senior unsecured notes due Nov. 1, 2021, US$707.6 million 12.00% notes due Oct. 1, 2024, US$300 million floating rate revolver bank loan due Sept. 30, 2021, US$450 million 8.75% senior notes due Oct. 15, 2023, US$312.5 million floating rate term B bank loan due Sept. 30, 2022, US$400 million 5.95% sukuk due Nov. 21, 2023, US$2 billion 7.75% senior unsecured notes due June 1, 2021, US$1 billion 8.125% senior notes due June 1, 2023, US$750 million 12.50% senior notes due April 1, 2022, US$1 billion senior notes due Feb. 28, 2023, US$2.2 billion 7.25% guaranteed notes due Oct. 15, 2020, US$1.15 billion 7.50% guaranteed senior notes due April 1, 2021, US$2 billion 5.50% senior guaranteed notes due Aug. 1, 2023, US$490 million 9.50% senior notes due 2022, US$1.8 billion 9.75% senior notes due July 15, 2025, US$2 billion floating rate term B-3 bank loan due Nov. 27, 2023, US$395 million floating rate B-4 bank loan due Jan. 2, 2024, US$700 million 6.625% B-5 bank loan due Jan. 2, 2024, US$403 million 12.5% senior unsecured notes due Nov. 15, 2024, RUB15 billion 13.00% notes due Oct. 2, 2020, US$350 million 8.25% notes due Sept. 27, 2021, US$355 million 7.00% notes due Jan. 29, 2021, US$150 million 6.00% notes due May 18, 2021, US$275 million 7.125% debenture due Nov. 15, 2023, US$500 million 7.625% debenture due March 1, 2097, US$400 million 7.40% debenture due April 1, 2037, US$700 million 6.375% senior notes due Oct. 15, 2036, US$400 million 5.65% senior notes due June 1, 2020, US$1.2 billion unsecured credit facility bank loan due April 7, 2010, US$1.688 billion floating rate term bank loan due June 23, 2023, US$500 million 5.875% senior notes due July 1, 2023, US$400 million 8.625% second-lien notes due March 15, 2025, US$2.35 billion asset-based revolver due June 20, 2022, US$800 million floating rate first-lien term bank loan due May 14, 2026, US$75 million floating rate revolver bank loan due May 14, 2024, US$225 second-lien secured bank loan due April 14, 2027, US$700 million 6.875% senior notes due 2022, US$500 million 7.125% senior notes due 2025, US$975 million floating rate RBL term bank loan due April 12, 2024, US$400 million floating rate revolver bank loan due Jan. 12, 2022, US$572 million 9.00% cash/2.00% pay-in-kind second-lien notes due July 12, 2024, US$174 million floating rate first-lien term loan bank loan due Sept. 15, 2022, US$35 million floating rate revolver bank loan due Sept. 15, 2022, US$50 million floating rate second-lien term loan bank loan due Sept. 15, 2023, US$125 million 7.125% senior debenture due June 1, 2028, US$550 million 8.00% second-lien notes due April 25, 2024, US$730.534 million 8.00% third-lien notes due Oct. 25, 2024, US$497.849 million 8.75% third-lien notes due Oct. 25, 2024, US$2.775 billion floating rate extended bank loan due Oct. 25, 2023, US$12.697 million floating rate term bank loan due Oct. 25, 2020, US$960 million 8.00% cash pay notes due Oct. 15, 2021, US$600 million 8.75% pay-in-kind toggle notes due Oct. 15, 2021, US$200 million floating rate revolver bank loan due Nov. 1, 2021, US$550 million 7.125% second-lien notes due Nov. 1, 2022, US$500 million 5.70% senior notes due Oct. 15, 2039, US$750 million 4.875% senior unsecured notes due Nov. 1, 2043, US$250 million 3.45% senior unsecured notes due Nov. 1, 2023, US$1.4 billion unsecured revolver bank loan due Oct. 22, 2020, US$500 million 7.875% senior notes due Aug. 15, 2025, US$950 million floating rate revolver bank loan due Oct. 2, 2023, US$300 million 10.50% notes due May 16, 2022, US$5.45 billion floating rate first-lien term bank loan due Oct. 10, 2025, US$300 million floating rate revolving bank loan due Oct. 11, 2023, US$1.225 billion 8.75% notes due Oct. 15, 2026, US$525 million senior unsecured term bank loan due Oct. 11, 2026, US$550 million asset-based revolver due Oct. 11, 2023, US$210 million floating rate second-lien term bank loan due July 3, 2021, US$850 million floating rate first-lien term bank loan due July 3, 2020, US$125 million asset-based revolver bank loan due July 3, 2020, US$350 million 7.875% notes due Oct. 15, 2021, A$150 million 8.25% medium-term notes due May 30, 2023, A$250 million 8.075% medium-term notes senior second due March 5, 2024, US$425 million 8.125% callable notes due Nov. 15, 2024, A$325 million 8.00% senior unsecured notes due Nov. 26, 2024, US$250 million 13.00% senior notes due Sept. 15, 2021, US$1.567 billion floating rate term loan B bank loan due March 5, 2021, US$375 asset based revolver first-lien guaranteed senior secured due Nov. 17, 2021, US$1.365 billion floating rate first-lien term bank loan due April 28, 2021, US$80 million floating rate revolving bank loan due Oct. 28, 2020, US$670 million floating rate second-lien term bank loan due April 28, 2022, US$500 million 7.375% senior notes due Jan. 15, 2021, US$500 million 6.25% senior notes due Oct. 15, 2022, US$700 million 5.875% senior notes due Oct. 15, 2020, US$700 million floating rate term loan B due June 30, 2023, US$1.7 billion floating rate revolver bank loan due June 30, 2021, US$500 million 5.50% senior notes due 2024, US$1.25 billion 7.625% second-lien notes due June 1, 2022, US$500 million 7.125% notes due Aug. 1, 2026, US$900 million 6.00% notes due Jan. 15, 2028, 225 million 4.125% senior notes due Oct. 15, 2021, US$250 million 7.00% senior unsecured notes due Jan. 15, 2028, US$200 million first-lien senior secured revolver due June 30, 2021, US$650 million 7.25% second-lien notes due May 1, 2022, ZAR500 unsecured revolver bank loan due Nov. 13, 2020, US$550 million 8.375% notes due May 10, 2020, US$550 million 9.00% notes due May 10, 2023, US$495 million floating rate first-lien bank loan due Aug. 18, 2022, US$517.5 million floating rate second-lien term bank loan due April 11, 2023, US$1.143 billion floating rate first-lien term bank loan due April 11, 2022, US$500 million 5.75% senior unsecured notes due Feb. 15, 2021, US$1.8 billion floating rate term B bank loan due Sept. 7, 2023, US$200 million first-lien guaranteed senior secured term loan due Aug. 6, 2023, US$400 million first-lien guaranteed senior secured term loan due Sept. 7, 2021, US$155 million floating rate first-lien term bank loan due July 28, 2021, US$100 million floating rate revolver bank loan due March 29, 2024, US$600 million 5.625% senior notes due Feb. 01, 2026, US$950 million reserve-based revolver first-lien guaranteed senior secured due Aug. 16, 2022, US$400 million 6.25% notes due Oct. 1, 2021, US$300 reserve-based revolver first-lien guaranteed senior secured due July 1, 2021, US$400 million 6.875% bonds due Feb. 1, 2027, US$350 million variable-rate notes due 2027, 225 million floating rate notes due Nov. 15, 2023, 285 million 5.375% notes due Nov. 15, 2023, US$270 million 10.50% notes due Feb. 15, 2023, US$285 million senior secured notes due Oct. 15, 2025, US$1.011 billion floating rate first-lien bank loan due March 8, 2024, US$200 million floating rate second-lien bank loan due Sept. 6, 2024, US$150 million floating rate revolver bank loan due March 8, 2022, US$1.045 billion floating rate term B bank lien due April 16, 2021, US$400 million 5.375% senior notes due Jan. 15, 2026, US$500 million 6.875% senior notes due 2027, US$127.073 million 8.00% second-lien notes due Jan. 6, 2025, US$700 million RBL first-lien guaranteed senior secured due April 5, 2023, US$635 million 9.50% notes due Oct. 21, 2021, US$318 million 5.00% payment-in-kind notes due April 15, 2022, US$35 million 10.00% first-lien notes due May 15, 2022, 360 million 8.00% callable notes due May 15, 2022, US$650 million 6.625% senior unsecured notes due May 15, 2021, US$425 million first-lien guaranteed senior secured revolver due Oct. 18, 2023, US$500 million 7.25% senior notes due June 9, 2020, US$700 million 6.875% notes due April 11,2024, US$600 million 7.00% notes due March 1, 2026, US$275 million first-lien senior secured delayed draw term loan due June 29, 2021, US$80.922 million 9.75% notes due Dec. 15, 2024, US$250 million 7.25% notes due June 1, 2020, MXN1000 unsecured term loan due June 21, 2025, US$400 million 6.20% senior notes due Aug. 1, 2040, US$500 million senior notes due Aug. 1, 2020, US$400 million 4.625% senior hybrid due March 1, 2021, US$400 million 6.05% senior hybrid due March 1, 2041, US$400 million 3.95% notes due March 15, 2022, US$500 million 5.25% notes due March 15, 2042, US$450 million 5.95% senior notes due April 1, 2025, US$400 million 6.95% senior notes due April 1, 2045, US$1 billion 7.75% senior notes due Jan. 15, 2024, US$750 million 7.875% senior notes due Feb. 1, 2026, US$150 million 7.20% debt due Nov. 15, 2027, US$750 million 3.00% exchangeable senior notes due Jan. 31, 2024, US$500 million 4.875% senior notes due June 1, 2022, US$400 million 5.40% notes due Dec. 1, 2042, US$400 million 4.75% senior notes due Jan. 15, 2024, US$400 million 5.85% senior notes due Jan. 15, 2044, US$1.5 billion floating rate revolver bank ln due Jan. 23, 2021, US$1.5 billion 4.70% notes due March 15, 2021, US$625 million senior notes due Oct. 1, 2024, US$1.025 billion 5.75% senior notes due Oct. 1, 2044, US$700 million 5.20% senior notes due March 15, 2025, US$500 million 8.00% senior notes due Jan. 31, 2024, US$1 billion 7.75% senior notes due Feb. 1, 2026, US$290 million floating rate first-lien term bank loan due Aug. 23, 2022, US$75 million floating rate second-lien term bank loan due Aug. 23, 2023, US$30 million floating rate revolver bank loan due Aug. 23, 2021, US$500 million 8.00% senior notes due 2022, US$850 million floating rate term bank loan due May 30, 2025, US$120 million floating rate revolver bank loan due May 31, 2023, US$155 million A-2 term bank loan due May 9, 2025, US$25 million A-3 term bank loan due May 9, 2025, US$142.913 million floating rate B term bank loan due May 10, 2024, US$25 million floating rate A-1 term bank loan due May 9, 2025, US$35 million floating rate revolver bank loan due 2022, US$460 million floating rate first-lien bank loan due March 31, 2023, US$735 million 9.875% notes due July 15, 2021, US$275 million 8.50% first-lien notes due April 15, 2021, US$60 million floating rate ABL revolver bank loan due Jan. 14, 2021, US$500 million 6.75% senior unsecured notes due 2026, US$500 million 6.625% senior notes due Jan. 15, 2027, US$447 million 10.00% notes due Jan. 15, 2025, US$500 million 5.00% senior unsecured notes due Jan. 15, 2024, US$172.5 million 1.5% senior unsecured notes due July 1, 2021, US$1.1 billion first-lien senior secured reserve-based revolver due Sept. 28, 2023, C$158 million 10.50% first-lien senior notes due Dec. 15, 2021, US$225 million 6.875% senior notes due Dec. 15, 2020, US$350 million 7.25% senior notes due Aug. 15, 2022, US$400 million 7.50% notes due April 1, 2025, US$155.529 million 10.00% second-lien notes due April 1, 2026, US$35 million first-lien guaranteed senior secured asset-based revolver due June 19, 2023, US$500 million 6.50% notes due May 1, 2021, US$475 million 6.75% senior unsecured notes due Jan. 15, 2022, US$500 million 6.75% senior notes due 2023, US$700 million 10.00% first-lien notes due April 15, 2025, US$357 million 8.625% senior notes due June 15, 2020, US$35 million floating rate revolver bank loan due May 18, 2022, US$455 million floating rate term bank loan due May 20, 2024, US$905 million floating rate first-lien term B bank loan due Oct. 20, 2023, US$225 million floating rate second-lien term bank loan due May 21, 2024, US$500 million 6.875% senior notes due Nov. 15, 2020, US$1.4 billion 6.625% senior notes due Aug. 15, 2020, US$1 billion 6.125% senior notes due Feb. 15, 2021, US$700 million 5.375% unsecured notes due June 15, 2021, US$1.1 billion 5.75% unsecured notes due March 15, 2023, US$1.5 billion 4.875% senior notes due April 15, 2022, US$1.25 billion 5.50% senior convertible due Sept. 15, 2026, US$1.05 billion 8.00% senior notes due Jan. 15, 2025, US$1.3 billion 8.00% notes due June 15, 2027, US$400 million 7.50% callable notes due Jan. 10, 2026, US$850 million 7.00% callable notes due Jan. 10, 2024, US$918.514 million 8.00% a/o US$45.685 ($873MM exchanged for notes due to 2025) notes due March 15, 2026, US$2.21 billion 11.50% second lien notes due Jan. 1, 2025, US$1.5 billion floating rate first-lien last out term A bank loan due June 23, 2024, US$3.0 billion first-lien guaranteed senior secured reserve based revolver due Sept, 12, 2023, US$175 million floating rate first-lien bank loan due Jan. 20, 2021, US$50 million floating rate second-lien bank loan due Jan. 20, 2022, US$20 million floating rate revolver bank loan due Dec. 30, 2020, US$88 million 7.00% senior notes due Dec. 31, 2022, US$200 million 10.00% senior secured notes due Dec. 31, 2022, US$92 million sub notes due Dec. 31, 2022, US$105 million second-lien guaranteed secured payment-in-kind term B due Dec. 31, 2022, US$1.95 billion floating rate first-lien term bank loan due Nov. 8, 2023, US$450 million floating rate second-lien term bank loan due Nov. 8, 2024, US$300 million 5.50% senior notes due Aug. 15, 2022, US$500 million 5.75% senior notes due April 15, 2025, US$300 million floating rate bank loan due May 13, 2022, US$1.25 billion first-lien guaranteed senior secured bank loan due May 13, 2022, US$28 million first-lien guaranteed senior secured bank loan due March 31, 2021, US$100 million floating rate revolver bank loan due Aug. 28, 2022, US$979.33 million floating rate term loan B-2 bank loan due March 31, 2021, US$275 million floating rate FILO bank loan due Dec. 31, 2022, US$287 million 1.5% senior unsecured notes due Aug. 15, 2020, US$255 million 8.00% senior notes due Feb. 15, 2022, US$760 million floating rate first-lien term B bank loan due Aug. 30, 2026, US$114 million floating rate revolver bank loan due Aug. 30, 2024, US$625 million 9.75% second-lien notes due Nov. 1, 2023, US$1.65 billion floating rate term bank loan due June 1, 2025, US$1.75 billion 5.50% senior notes due Sept. 15, 2021, US$1 billion revolver bank loan due June 30, 2021, US$1 billion term bank loan due June 30, 2021, US$2.25 billion 6.00% senior notes due Nov. 15, 2024, US$2.25 billion 8.00% second-lien bank note due Dec. 15, 2022, US$1.3 billion floating rate first-lien second-out term bank loan due Dec. 31, 2021, US$1.3 billion floating rate term B bank loan due 2022, US$400 million 7.00% notes due Feb. 5, 2025, US$400 million 7.875% notes due June 30, 2022, US$400 million 6.375% senior notes due Aug. 15, 2021, US$1.2 billion 4.625% senior sub notes due July 15, 2023, US$1.25 billion 5.50% senior notes due May 1, 2022, US$3.5 billion revolving bank loan due Dec. 9, 2021, US$615.1 million 9.00% second-lien notes due May 15, 2021, US$455.7 million 9.25% second-lien notes due 2022, US$400 million second-lien notes due 2024, US$528.026 million 7.75% second-lien notes due Feb. 15, 2024, US$245 million senior unsecured notes due Dec. 31, 2024, US$250 million 11.25% senior notes due Jan. 1, 2023, US$500 million reserve-based revolver due Nov. 15, 2023, US$600 million 7.00% senior notes due July 1, 2022, US$900 million floating rate term B-2 bank loan due April 9, 2025, US$150 million 10.75% notes due Aug. 30, 2021, US$240 million 6.95% notes due April 13, 2024, US$600 million 4.75% senior unsecured notes due June 1, 2021, US$600 million senior secured revolver due March 29, 2024, US$300 million 8.75% senior notes due July 15, 2023, US$750 million reserve-based revolver exit due Dec. 21, 2022, US$300 million second-lien second term loan due March 7, 2023, US$2.9 billion term loan B bank loan due Feb. 21, 2021, US$209.9 million floating rate term B bank loan due March 31, 2021, US$20.2 million floating rate priming term bank loan due Feb. 12, 2021, US$85 million floating rate revolver bank loan due Jan. 6, 2022, US$500 million floating rate term bank loan due Jan. 6, 2023, US$82.5 million 2.75% senior unsecured convertible notes due Feb. 15, 2023, US$60 million floating rate revolver bank loan due Dec. 15, 2022, US$35 million floating rate delayed draw term B bank loan due Dec. 15, 2024, US$560 million floating rate term B bank loan due Dec. 15, 2024, US$88 million floating rate ABL revolver bank loan due Aug. 16, 2021, US$175 million floating rate second-lien term bank loan due Feb. 16, 2024, US$654.039 million floating rate first-lien term bank loan due Aug. 16, 2023, US$25 million floating rate revolver bank loan due April 27, 2024, US$258 million floating rate first-lien term bank loan due April 27, 2024, 130 million 9.50% notes due Jan. 31, 2024, 350 million 6.75% first-lien callable notes due Jan. 31, 2023, 25 million 16.50% notes due July 25, 2022, US$725 million 8.00% notes due July 25, 2022, US$400 million 7.00% bonds due Feb. 16, 2025, US$560 million 9.50% notes due June 25, 2033, US$400 million 9.50% notes due Jan. 14, 2033, US$600 million 5.75% senior sub notes due June 15, 2025, 500 million 6.375% senior notes due Nov. 15, 2024, US$595 million 5.875% senior notes due 2026, US$475 million 6.125% notes due May 15, 2027, US$225 million floating rate revolving facility bank loan due April 22, 2024, US$2 billion floating rate initial B-1 term bank loan due April 22, 2026, US$500 million 10.50% first-lien notes due April 15, 2025, US$1.46 billion 12.00% second-lien notes due June 15, 2026, US$200 million 10.50% first-lien notes due April 24, 2026, US$600 million 2.95% senior unsecured notes due Sept. 15, 2024, US$100 million first lien senior secured revolver due Feb. 14, 2022, 200 million 8.625% notes due Aug. 1, 2022, 465 million 6.625% notes due Aug. 1, 2021, US$100 million 7.45% notes due April 15, 2027, US$200 million 8.00% debt due April 15, 2027, US$600 million 7.50% senior notes due April 15, 2031, US$0 million 6.80% senior notes due March 15, 2038, US$900 million 6.50% senior notes due Nov. 15, 2020, US$1.2 billion 6.375% senior notes due 2021, US$300 million 7.35% senior notes due 2041, US$750 million variable/fixed rate senior unsecured notes due Oct. 15, 2022, US$1.25 billion 9.00% senior notes due 2023, US$1.36 billion floating rate revolving bank ln due June 22, 2023, US$750 million 7.25% senior notes due Dec. 31, 2025, US$300 million 7.00% notes due June 1, 2028, US$600 million 7.75% senior secured notes due Oct. 15, 2024, US$625 million 6.25% senior notes due Dec. 1, 2024, US$750 million 5.875% notes due Jan. 15, 2024, US$600 million 6.125% notes due Aug. 1, 2025, US$550 million 6.875% notes due Feb. 1, 2027, US$500 million 5.375% notes due May 15, 2023, US$863.179 million senior unsecured convertible notes due Jan. 30, 2023, US$237.993 million senior unsecured convertible notes due Jan. 30, 2027, US$542 million floating rate first-lien term bank loan due May 24, 2021, US$200 million second-lien term bank loan due May 23, 2022, US$400 million 7.25% notes due Feb. 15, 2021, US$291.97 million 11.50% second-lien notes due Feb. 28, 2025, US$53.75 million 10.00% first-lien notes due Feb. 29, 2024, US$127.5 million guaranteed senior unsecured PIK term loan due Feb. 28, 2021, US$435 million 7.50% senior secured notes due Aug. 1, 2021, US$395 million floating rate first-lien term B bank loan due June 1, 2024, US$140 million floating rate second-lien term bank loan due June 1, 2025, US$65 million floating rate first-lien revolving bank loan due June 1, 2022, US$325 million floating rate term B bank loan due Nov. 15, 2020, US$15 million floating rate revolver bank loan due 2020, US$60 million 6.00% secured notes due Sept. 26, 2023, US$450 million floating rate first-lien term bank loan due April 8, 2024, US$286 million term B-2 bank loan due April 23, 2024, US$45 million term A bank loan due Oct. 23, 2023, US$80 million term B-1 bank loan due April 23, 2024, US$325 million floating rate first-lien term bank loan due March 20, 2024, US$135 million 9.50% notes due June 1, 2023, 250 million 9.00% notes due Feb. 15, 2025, 410 million 5.25% notes due Aug. 15, 2024, 900 million floating rate term bank loan due Aug. 14, 2024, 290 million 9.75% callable notes due Dec. 15, 2022, 400 million 6.75% callable notes due Dec. 15, 2021, US$610 million floating rate first-lien term B bank loan due April 1, 2021, US$170 million floating rate second-lien term bank loan due April 1, 2022, US$40 million floating rate term A-1 bank loan due April 1, 2021, 300 million 1.00% medium-term notes due April 28, 2021, 300 million 0.875% medium-term notes serial 3 due April 6, 2023, 200 million first-lien super senior secured term bank loan due June 25, 2022, US$400 million 6.50% senior notes due Nov. 1, 2021, US$400 million 6.875% senior notes due Jan. 15, 2023, US$1 billion 6.875% senior notes due March 15, 2022, US$275 million convertible senior notes due Sept. 15, 2023, US$400 million 6.25% notes due May 1, 2026, US$550 million floating rate term bank loan due April 16, 2021, US$500 million 6.25% secured notes due May 1, 2022, US$300 million bank loan due Dec. 6, 2023, US$119.779 million term loan bank loan due June 30, 2024, 430 million floating rate revolving credit facility bank loan due Sept. 27, 2023, 330 million floating rate term A bank loan due Sept. 27, 2023, 350 million 5.125% notes due Oct. 15, 2026, US$425 million floating rate term B bank loan due Sept. 27, 2025, 375 million floating rate term B bank loan due Sept. 27, 2025, 90 million floating rate revolving credit facility bank loan due March 8, 2025, 568 million facility B bank loan due March 28, 2026, US$290 million floating rate term bank loan due May 9, 2022, US$40 million first-lien guaranteed senior secured asset-based revolver due May 8, 2023, US$500 million floating rate second-lien term bank loan due May 28, 2027, US$2.8 billion floating rate first-lien term bank loan due May 29, 2026, US$150 million floating rate revolver bank loan due May 30, 2024, US$1.63 billion bank loan due Feb. 28, 2025, US$235 million floating rate second-lien bank loan due Aug. 28, 2025, US$585 million floating rate first-lien term bank loan due Aug. 28, 2024, US$1.5 billion 10.00% senior notes due April 1, 2022, US$538 million second-lien guaranteed secured bank loan due Nov. 1, 2025, US$2 billion first-lien guaranteed senior secured bank loan due April 1, 2024, US$650 million floating rate first-lien bank loan due 2023, US$150 million floating rate second-lien term bank loan due Dec. 7, 2024, US$120 million first-lien senior secured asset-based revolver due Dec. 7, 2021, BRL4.168 billion senior unsecured Notes due Feb. 25, 2035, US$128 million term A capex due March 15, 2023, US$128 million term B capex due March 15, 2024, US$397.36 million term capex due Nov. 30, 2023, US$900 million floating rate revolving facility bank loan due March 19, 2022, US$900 million 5.75% unsecured notes due Aug. 1, 2022, US$700 million 5.50% senior notes due April 15, 2025, US$1.862 billion floating rate term B bank loan due Sept. 24, 2024, US$600 million floating rate term bank loan due Feb. 24, 2025, US$600 million 4.75% senior unsecured notes due April 15, 2023, US$350 million 9.75% notes due Nov. 30, 2020, US$78.336 million 9.75% senior unsecured notes due Oct. 14, 2025, ARS6.3 billion senior unsecured notes due Nov. 7, 2022, ARS3.75 billion senior unsecured notes due Feb. 15, 2021, ARS2.9 billion senior unsecured notes due Feb. 11, 2022, ARS390.5 million senior unsecured notes due Aug. 11, 2021, 500 million 6.75% notes due Nov. 1, 2021, US$300 million 7.625% notes due Nov. 1, 2021, 85 million 12.75% notes due Sept. 30, 2023, 165 million 10.75% notes due Sept. 30, 2023, US$500 million 6.75% notes due March 15, 2023, US$350 million 6.625% senior notes due May 1, 2023, US$650 million 6.00% senior notes due Oct. 15, 2024, US$600 million 6.375% senior notes due May 15, 2025, US$700 million first-lien guaranteed senior secured reserve-based revolver due Dec. 31, 2021, US$120 million floating rate second-lien term bank loan due April 24, 2024, US$125 million floating rate revolver bank loan due Oct. 24, 2022, US$405 million floating rate first-lien term bank loan due Oct. 24, 2023, US$357 million floating rate first-lien term bank loan due Oct. 6, 2021, US$50 million floating rate revolver bank loan due Oct. 6, 2020, US$50 million floating rate second-lien term bank loan due Oct. 6, 2022, US$370 million 6.625% notes due April 24, 2022, US$175 million 11.50% callable notes due April 22, 2021, US$171 million 6.00% first-lien notes due May 2, 2024, US$251 million 6.25% first-lien notes due Nov. 2, 2025, 150 million floating rate super senior revolving credit facility bank loan due Aug. 2, 2023, 765 million 5.875% notes due Feb. 1, 2024, 325 million callable notes due Feb. 1, 2024, CHF250 million 5.875% callable notes due Feb. 1, 2024, 100 million floating rate super senior revolving credit facility bank loan due Jan. 10, 2022, 600 million floating rate notes due July 15, 2022, 150 million 8.50% notes due Jan. 15, 2023, US$700 million 4.625% senior notes due Sept. 15, 2021, US$350 million 5.10% senior unsecured notes due Sept. 15, 2023, US$600 million 5.50% senior notes due Jan. 15, 2023, US$575 million 0.75% exchangeable senior notes due Jan. 15, 2024, US$800 million 5.75% senior notes due Feb. 1, 2025, US$1.267 billion floating rate revolving bank loan due Oct. 11, 2023, US$475 million 7.50% notes due Jan. 15, 2028, US$600 million 7.25% notes due Jan. 15, 2026, US$400 million 8.75% notes due Nov. 1, 2023, US$545 million floating rate first-lien term bank loan due July 1, 2021, US$100 million floating rate revolver bank loan due July 1, 2021, US$250 million floating rate second-lien term bank loan due July 1, 2022, 300 million floating rate notes due Nov. 15, 2024, US$360 million 8.75% notes due March 23, 2023, US$1.5 billion floating rate bank loan due July 13, 2022, US$600 million 7.25% senior unsecured notes due Oct. 15, 2025, US$694.279 million second-lien notes due May 15, 2023, US$1.5 billion first-lien senior secured revolver due Nov. 22, 2024, US$450 million bank loan due May 23, 2024, US$110.8 million bank loan due May 23, 2024, US$3.325 billion floating rate dollar term bank loan due Feb. 28, 2025, US$462.5 million floating rate revolving credit facility bank loan due Feb. 28, 2023, 607.643 million floating rate euro term bank loan due Feb. 28, 2025, US$650 million floating rate term bank loan due Sept. 30, 2026, US$250 million term loan B due June 22, 2023, 250 million 5.25% notes due Nov. 15, 2022, 225 million floating rate notes due Nov. 15, 2022, US$650 million 6.25% senior notes due April 15, 2023, US$600 million 6.125% senior unsecured notes due Oct. 1, 2024, US$250 million 8.25% senior notes due July 15, 2025, US$400 million 6.375% notes due July 1, 2026, US$516 million 9.00% second-lien notes due April 1, 2025, US$1.6 billion reserve-based revolver due Dec. 20, 2024, 500 million floating rate multicurrency revolving credit facility bank loan due June 9, 2022, 600 million 4.125% notes due Nov. 15, 2024, 450 million 4.00% notes due April 30, 2026, 500 million 2.375% callable notes due Nov. 15, 2022, 220 million guaranteed unsecured term loan due May 03, 2021, 260 million facility B bank loan due Dec. 5, 2024, 40 million revolver bank loan due Dec. 5, 2023, US$800 million 7.125% senior notes due Dec. 15, 2021, US$500 million 7.75% senior notes due Sept. 15, 2024, US$1 billion 5.125% senior secured notes due Aug. 1, 2021, US$3 billion 6.875% senior unsecured notes due Feb. 1, 2022, US$3.1 billion 6.25% senior notes due March 31, 2023, US$1.355 billion 8.125% junior-priority notes due June 30, 2024, US$1.77 billion junior-priority notes due June 30, 2023, US$2.08 billion 8.00% notes due Dec. 31, 2026, US$1.7 billion 6.875% senior notes due April 1, 2028, US$700 million 8.00% senior notes due Dec. 15, 2027, US$1.462 billion 6.625% senior notes due Feb. 15, 2025, US$1.6 billion 8.00% senior notes due March 15, 2026, US$1.032 billion 8.625% senior notes due Jan. 15, 2024, US$500 million senior notes due March 15, 2026, US$350 million 12.00% notes due Dec. 15, 2022, US$100 million floating rate term bank loan due Feb. 3, 2022, US$300 million floating rate term bank loan due Nov. 3, 2022.