XML 55 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
LONG-TERM DEBT:
3 Months Ended
Mar. 31, 2013
LONG-TERM DEBT:  
LONG-TERM DEBT:

8.  LONG-TERM DEBT:

 

Long-term debt and loans payable are summarized as follows:

 

 

 

March 31,

 

December 31,

 

($ in millions)

 

2013

 

2012

 

Senior secured credit facilities:

 

 

 

 

 

Term Loan A

 

$

323.7

 

$

336.9

 

Term Loan B

 

587.3

 

587.3

 

2020 Unsecured Senior Notes

 

1,250.0

 

1,250.0

 

Titanium Dioxide Pigments venture term loans

 

—

 

514.5

 

Capitalized lease obligations

 

31.9

 

33.5

 

Other loans

 

29.1

 

29.6

 

 

 

2,222.0

 

2,751.8

 

Less current maturities

 

(43.2

)

(553.7

)

 

 

$

2,178.8

 

$

2,198.1

 

 

In March 2013, the Company prepaid all of its outstanding borrowings under its Titanium Dioxide Pigments facility agreement.  The aggregate amount prepaid was €394.5 million ($512.4 million), consisting of €190.0 million ($246.8 million) of term loan A, €200.0 million ($259.8 million) of term loan B and a €4.5 million ($5.8 million) revolving credit facility. The U.S. dollar amounts above were all based on the exchange rate in effect on the date of payment.

 

For further details of the terms of the Company’s long-term debt, see Item 8. Financial Statements and Supplementary Data - Note 10, “Long-Term Debt” in the Company’s 2012 Annual Report on Form 10-K.