Financial Reporting 10-K report

   

Footnote 15 (p. 87):

Please consider the 6.375% Senior Notes due 2026 and the 7.750% Senior Notes due 2027. Judging by the statement of cash flows, this debt was issued at face value (i.e., no discount or premium). What does this issuance at face value imply about the market rate of interest at the date of issuance? Why would the two different notes have different interest rates (Hint: consider the maturity date of the notes)? Use FASB codification to cite and support your answer.  link to 10-K https://www.sec.gov/ix?doc=/Archives/edgar/data/1632790/000163279019000080/enrfy1910-k.htm