XML 23 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt And Financing (Tables)
12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
As of December 31, 2012 (in millions)
Par Value
 
Premium/
(Discount)
 
Book
Value
 
Stated
Interest Rate
 
Effective
Interest Rate
Restructured Term Loan
$
298.7

 
$
67.6

 
$
366.3

 
10.0
%
 
%
Term A Facility (capacity $175.0, borrowing base $147.6, availability $42.6)*
105.0

 
(4.8
)
 
100.2

 
8.5
%
 
51.5
%
Term B Facility (capacity $225.0, borrowing base $222.2, availability $0.0)
222.2

 
(8.5
)
 
213.7

 
11.25
%
 
15.0
%
Series A Notes
161.2

 
(27.8
)
 
133.4

 
10.0
%
 
18.3
%
Series B Notes
91.5

 
(25.4
)
 
66.1

 
10.0
%
 
25.6
%
6% Notes
69.4

 
(6.3
)
 
63.1

 
6.0
%
 
15.5
%
A&R CDA
125.8

 
(0.4
)
 
125.4

 
3.0-18.0%

 
7.1
%
Lease financing obligations
306.9

 

 
306.9

 
10.0-18.2%

 
11.9
%
Other
0.3

 

 
0.3

 


 


Total debt
$
1,381.0

 
$
(5.6
)
 
$
1,375.4

 
 
 
 
Current maturities of Term B Facility
$
(2.3
)
 
$

 
$
(2.3
)
 
 
 
 
Current maturities of lease financing obligations
(6.5
)
 

 
(6.5
)
 
 
 
 
Current maturities of other
(0.3
)
 

 
(0.3
)
 
 
 
 
Long-term debt
$
1,371.9

 
$
(5.6
)
 
$
1,366.3

 
 
 
 

*The effective interest rate on the Term A Facility is calculated based upon the capacity of the facility and not the par value.

As of December 31, 2011 (in millions)
Par Value
 
Premium/
(Discount)
 
Book
Value
 
Stated
Interest Rate
 
Effective
Interest Rate
Restructured Term Loan
$
303.1

 
$
98.9

 
$
402.0

 
10.0
%
 
%
Term A Facility (capacity $175.0, borrowing base $136.1, availability $76.1)*
60.0

 
(7.6
)
 
52.4

 
8.5
%
 
51.5
%
Term B Facility (capacity $225.0, borrowing base $224.4, availability $0.0)
224.4

 
(12.4
)
 
212.0

 
11.25
%
 
14.7
%
Series A Notes
146.3

 
(35.0
)
 
111.3

 
10.0
%
 
18.3
%
Series B Notes
98.0

 
(37.1
)
 
60.9

 
10.0
%
 
25.6
%
6% Notes
69.4

 
(10.3
)
 
59.1

 
6.0
%
 
15.5
%
A&R CDA
140.2

 
(0.6
)
 
139.6

 
3.0-18.0%

 
5.2
%
Lease financing obligations
315.2

 

 
315.2

 
10.0-18.2%

 
11.9
%
5.0% and 3.375% contingent convertible senior notes
1.9

 

 
1.9

 
5.0% and
3.375%

 
5.0% and
3.375%

Other
0.3

 

 
0.3

 
 
 
 
Total debt
$
1,358.8

 
$
(4.1
)
 
$
1,354.7

 
 
 
 
Current maturities of ABL facility – Term B
(2.3
)
 

 
(2.3
)
 
 
 
 
Current maturities of 5.0% and 3.375% contingent convertible senior notes and other
(2.2
)
 

 
(2.2
)
 
 
 
 
Current maturities of lease financing obligations
(5.0
)
 

 
(5.0
)
 
 
 
 
Long-term debt
$
1,349.3

 
$
(4.1
)
 
$
1,345.2

 
 
 
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The principal maturities of total debt for the next five years and thereafter are as follows:
                                         
(in millions)

Restructured Term
Loan
ABL Facility
Series A and B Notes (b)
6%
Notes
Lease Financing Obligation (a)
A&R CDA
Other
Total
2013
$

$
2.3

$

$

$
6.5

$

$
0.3

$
9.1

2014

324.9


69.4

5.9



400.2

2015
298.7


252.7


7.4

125.8


684.6

2016




9.8



9.8

2017




12.0



12.0

Thereafter




265.3



265.3

Total
$
298.7

$
327.2

$
252.7

$
69.4

$
306.9

$
125.8

$
0.3

$
1,381.0

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
 
December 31, 2012
 
December 31, 2011
(in millions)
Carrying amount
 
Fair Value
 
Carrying amount
 
Fair Value
Restructured term loan
$
366.3

 
$
197.5

 
$
402.0

 
$
216.5

ABL facility
313.9

 
325.8

 
264.4

 
268.8

Series A Notes and Series B Notes
199.5

 
81.5

 
172.2

 
168.7

Lease financing obligations
306.9

 
306.9

 
315.2

 
315.2

Other
188.8

 
99.5

 
200.9

 
139.9

Total debt
$
1,375.4

 
$
1,011.2

 
$
1,354.7

 
$
1,109.1