SUBSEQUENT EVENTS

12 Months Ended

Jun. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

On August 28, 2014, the Company offered to repurchase up to the aggregate principal amount outstanding of the Senior Notes (see Note 12) for cash, prior to the maturity date (the “Note Repurchase”). Pursuant to the terms of the NPA, in connection with the Note Repurchase, the Company will also pay a “make-whole amount” of approximately $85.0 - $95.0 (the “Make-Whole Amount”). The Note Repurchase offer is binding on the Company, and the Company expects to pay a total amount of approximately $585.0 to $595.0 in connection with the Note Repurchase and payment of the Make-Whole Amount. The Company expects to consummate the Note Repurchase and pay the Make-Whole Amount on or about September 27, 2014. In order to finance the Note Repurchase and the payment of the Make-Whole Amount, the Company intends to enter into a new credit agreement, under which it intends to borrow an aggregate principal amount of up to $600 million (the “2014 Term Loan”). The Company has received commitments for the 2014 Term Loan.