Debt and Financing (Tables)

6 Months Ended

Jun. 30, 2016

Our outstanding debt as of June 30, 2016 consisted of the following:



As of June 30, 2016 (in millions)	Par Value			Discount			Debt Issuance Costs			Book Value			Stated Interest Rate			Average Effective Interest Rate
Term Loan	$	682.5		$	(3.6	)	$	(10.6	)	$	668.3		8.00	%	^(a)	8.20	%
ABL Facility	—			—			—			—			N/A			N/A
Secured Second A&R CDA	30.5			—			(0.2		)	30.3			3.3-18.3%			7.3	%
Unsecured Second A&R CDA	73.2			—			(0.5		)	72.7			3.3-18.3%			7.3	%
Lease financing obligations	274.6			—			(1.5		)	273.1			9.0-18.2%			12.0	%
Total debt	$	1,060.8		$	(3.6	)	$	(12.8	)	$	1,044.4
Current maturities of Term Loan	(7.0		)	—			—			(7.0		)
Current maturities of lease financing obligations	(9.4		)	—			—			(9.4		)
Long-term debt	$	1,044.4		$	(3.6	)	$	(12.8	)	$	1,028.0

^(a) Variable interest rate of 1, 3 or 6-month LIBOR, with a floor of 1.0% plus a fixed margin of 7.0%.

Schedule of Maximum Total Leverage Ratio for Remaining Test Periods [Table Text Block]

Our total maximum leverage ratio covenants are as follows:



Four Consecutive Fiscal Quarters Ending	Maximum Total Leverage Ratio	Four Consecutive Fiscal Quarters Ending	Maximum Total Leverage Ratio
June 30, 2016	3.75 to 1.00	June 30, 2017	3.25 to 1.00
September 30, 2016	3.75 to 1.00	September 30, 2017	3.25 to 1.00
December 31, 2016	3.50 to 1.00	December 31, 2017 and thereafter	3.00 to 1.00
March 31, 2017	3.25 to 1.00

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The book value and estimated fair values of our long-term debt, including current maturities and other financial instruments, are summarized as follows:



	June 30, 2016				December 31, 2015
(in millions)	Book Value		Fair value		Book Value		Fair value
Term Loan	$	668.3	$	621.6	$	669.0	$	594.6
Lease financing obligations	273.1		260.9		276.3		282.9
Second A&R CDA	103.0		94.5		117.1		102.1
Total debt	$	1,044.4	$	977.0	$	1,062.4	$	979.6