Long-Term Debt



Long-term debt consisted of the following components:
	September 30, 2013			December 31, 2012
	(In millions)
Senior Secured Credit Facility, due October 2017, at a variable interest rate of 3.75% as of September 30, 2013 and 4.25% as of December 31, 2012	$	469.6		$	472.0
Senior Notes due October 2018, at a fixed rate of 9.5%	760.8			760.8
Discount	(20.7		)	(23.3		)
Total long-term debt	1,209.7			1,209.5
Less current maturities	(4.7		)	(7.4		)
Long-term debt, less current maturities	$	1,205.0		$	1,202.1

For a description of the respective instruments, refer to Note 8 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Debt Modification Costs

On February 4, 2013, the Company entered into Amendment No. 2 (“Amendment No. 2”) to the Credit Agreement dated October 8, 2010. For a description of Amendment No. 2, refer to Note 23 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. Fees of $1.3 million paid to third parties in connection with Amendment No. 2 were included as “Debt modification costs” in the Consolidated Statement of Comprehensive Income for the nine months ended September 30, 2013.

Loss on Extinguishment of Debt

During the nine months ended September 30, 2013 and 2012, the Company recognized a loss on extinguishment of debt as follows:



Quarter Ended	Instrument Repaid/Retired	Face Amount Repaid/Retired		Cash Paid		Loss ⁽¹⁾
		(In millions)
March 2013	Term Loans	$	1.2	$	1.2	$	0.0
June 2013	Term Loans	1.2		1.2		0.0
	Total 2013	$	2.4	$	2.4	$	0.0

March 2012	Term Loans	$	70.5	$	70.5	$	1.9
March 2012	Senior Notes	5.0		5.5		0.7
September 2012	Term Loans	108.2		108.2		2.3
	Total 2012	$	183.7	$	184.2	$	4.9

⁽¹⁾ Including write-off of the discount and deferred financing costs related to the debt retired.

Compliance with Covenants and Restrictions

The Company was in compliance with all the covenants and restrictions related to its Senior Secured Credit Facility and Senior Notes as of September 30, 2013.