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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2013
Long-term Debt, Unclassified [Abstract]  
Carrying Value of Long-Term Debt
Long-term debt was as follows:
(dollars in millions)
 
 
December 31,
 
Interest Rate (1)
 
2013
 
2012
Senior secured asset-based revolving credit facility
—
%
 
$
—

 
$
—

Senior secured term loan facility
3.25
%
 
1,528.9

 
1,339.5

Unamortized discount on senior secured term loan facility
 
 
(4.4
)
 
—

Senior secured notes due 2018
8.0
%
 
325.0

 
500.0

Senior notes due 2019
8.5
%
 
1,305.0

 
1,305.0

Unamortized premium on senior notes due 2019
 
 
4.2

 
5.0

Senior subordinated notes due 2017
12.535
%
 
92.5

 
621.5

Total long-term debt
 
 
3,251.2

 
3,771.0

Less current maturities of long-term debt
 
 
(45.4
)
 
(40.0
)
Long-term debt, excluding current maturities
 
 
$
3,205.8

 
$
3,731.0

(1)Interest rate at December 31, 2013.
Schedule of Long-term Debt Maturities
As of December 31, 2013, the maturities of long-term debt were as follows:
(in millions)
 
Years ending December 31,
 
2014
$
45.4

2015
15.4

2016
15.4

2017
77.9

2018
340.4

Thereafter
2,756.9

 
$
3,251.4
Deferred Financing Costs Disclosure
The following table summarizes the deferred financing costs activity for the years ended December 31, 2013 and 2012:
(in millions)
December 31,
 
2013
 
2012
Beginning balance
$
53.2

 
$
68.5

Additional costs capitalized
6.1

 
2.1

Recognized in interest expense
(9.1
)
 
(14.4
)
Write-off of unamortized deferred financing costs
(20.1
)
 
(3.0
)
Ending balance
$
30.1

 
$
53.2