Document NNqLdR14m1K7Ygp8DjJ74RzDb

MAFCO CONSOLIDATED GROUP INC (Form 10-K, Received: 03/28/1997 00.00:0.. Page 69 of 116 Other liabilities consisted of the following (in thousands) DECEMBER 31. Casualty reserves Employee benefits and other compensation Indemnification reserve and other tax reserves (see Note 9) VSR obligation Other 1996 $ 10,718 75,005 15,900 13,797 51,810 $167,230 1995 $ 11,583 72,916 15,900 - 56,451 $156,850 LONG-TERM DEBT Consolidated Cigar: Bank Borrowings (a) Senior Subordinated Notes (b) Mafco Worldwide(c). Senior Credit: Tranche A Term Loans Tranche B Term Loans 11 7/8% Senior Subordinated Notes Due 2002 Less: current portion (in thousands) DECEMBER 31, 1996 1995 $ 7,500 90,000 $ 20,600 90,000 $" - 97,500 $ 97,500 $ 14,000 19,800 84,510 228,910 (10,232; $218,678 (a) Represents borrowings under a credit agreement (the "Cigar Credit Agreement") with Chase dated February 23, 1993, which provides for a revolvmg credit facility (the "Revolving Credit Facility") and a working capital facility (the "Working Capital Facility") The Revolvmg Credit Facility and the Working Capital Facility have final maturities on Apnl 3, 1999 The Revolvmg Credit Facility was subject to quarterly commitment reductions of $2 5 million through the end of 1996 The Cigar Credit Agreement was amended on February 3,1997 to reduce the amount of various mterest rate margins charged against outstanding borrowings and waive any further scheduled amortization of the commitment on the Revolvmg Credit Facility. The maximum borrowings under the Cigar Credit Agreement, as amended, at the end of December 31, httpV/www edgarpro com/EFX dll/EDGARpro dll?FetchFlhngHTML 1 ?ID=969943&Ses 10/19/2003