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Long-Term Debt
3 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
In March 2013, the Company announced that it would redeem all of the remaining $98.1 million aggregate principal amount of the Kansas City Southern de Mexico, S.A. de C.V. (“KCSM”) 121/2% senior unsecured notes due April 1, 2016 (the “121/2% Senior Notes”) pursuant to a provision which allows KCSM to redeem the 121/2% Senior Notes on or after April 1, 2013, at a redemption price equal to 106.250% of the principal amount. As a result, the Company has classified the outstanding amount of the 121/2% Senior Notes as a current liability as of March 31, 2013.
On April 1, 2013, the Company redeemed the 121/2 % Senior Notes using $65.0 million of borrowings under KCSM's revolving credit facility and cash on hand. The Company will recognize approximately $10.4 million of debt retirement costs associated with the redemption in the second quarter of 2013.