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Debt (Tables)
9 Months Ended
Sep. 30, 2011
Debt 
Schedule of outstanding debt

 

 

(in millions)

 

September 30, 2011

 

December 31, 2010

 

Revolving credit facility

 

$

118.4

 

$

24.2

 

Term loan A

 

341.3

 

459.7

 

Term loan B

 

399.0

 

338.1

 

Senior notes due 2013

 

150.0

 

150.0

 

Senior notes due 2018

 

407.0

 

392.9

 

Senior notes due 2020

 

611.2

 

585.3

 

Other

 

73.5

 

47.2

 

Total debt

 

2,100.4

 

1,997.4

 

Less current portion and short-term borrowings

 

(102.9

)

(61.8

)

Long-term debt

 

$

1,997.5

 

$

1,935.6

Current covenant levels of the financial covenants under the senior credit facility

 

 

Fiscal Quarter Ending

 

Consolidated
Senior Secured
Leverage Ratio
(less than)

 

Consolidated Interest
Coverage Ratio
(greater than)

9/30/2011

 

4.00:1.00

 

1.575:1.00

12/31/2011

 

3.875:1.00

 

1.625:1.00

3/31/2012

 

3.75:1.00

 

1.75:1.00

6/30/2012

 

3.50:1.00

 

1.875:1.00

9/30/2012

 

3.50:1.00

 

2.00:1.00

12/31/2012

 

3.50:1.00

 

2.00:1.00

3/31/2013

 

3.50:1.00

 

2.25:1.00

6/30/2013

 

3.25:1.00

 

2.25:1.00

9/30/2013

 

3.25:1.00

 

2.50:1.00

12/31/2013

 

3.25:1.00

 

2.50:1.00

3/31/2014

 

3.25:1.00

 

2.75:1.00

6/30/2014

 

3.25:1.00

 

2.75:1.00

9/30/2014

 

3.25:1.00

 

2.75:1.00

December 31, 2014, and thereafter

 

3.00:1.00

 

3.00:1.00

Schedule of percentage of principal amount at which the entity may redeem the notes

Year

 

Percentage

 

2010

 

101.188

%

2011 and thereafter

 

100.000

%

 

 

Year

 

Percentage

 

2014

 

104.750

%

2015

 

102.375

%

2016 and thereafter

 

100.000

%

 

 

Year

 

Percentage

 

2015

 

104.250

%

2016

 

102.833

%

2017

 

101.417

%

2018 and thereafter

 

100.000

%