Debt

The Company’s debt consists of the following:



(dollars in millions)	March 31, 2014			December 31, 2013
Current portion of long-term debt:
Corporate Credit Agreement - Tranche B Term Loan	$	5.4		$	5.4
Capital lease obligations and other debt	6.7			7.2
Current portion of long-term debt	12.1			12.6
Long-term debt, less current portion:
Corporate Credit Agreement	37.5			40.0
Receivables facility	104.6			106.2
8 3/4% Senior Subordinated Notes due 2018	625.0			625.0
Corporate Credit Agreement - Tranche B Term Loan	531.9			533.2
8 3/8% Senior Notes due 2020	683.9			683.9
7 1/4% Senior Notes due 2023	40.0			40.0
Various Cincinnati Bell Telephone notes	134.5			134.5
Capital lease obligations and other debt	92.7			96.1
	2,250.1			2,258.9
Net unamortized discount	(6.0		)	(6.3		)
Long-term debt, less current portion	2,244.1			2,252.6
Total debt	$	2,256.2		$	2,265.2

As of March 31, 2014, the Company had $37.5 million of outstanding borrowings on its revolving credit facility ("Corporate Credit Agreement"), leaving $162.5 million available for borrowings. This revolving credit facility expires in July 2017.

On September 10, 2013, the Company amended and restated its Corporate Credit Agreement, originally dated as of November 20, 2012, to include a $540 million Tranche B Term Loan facility ("Tranche B Term Loan") that matures on September 10, 2020. The Tranche B Term Loan requires quarterly principal payments of 0.25% of the original principal amount.

As of March 31, 2014, the Company had $104.6 million of borrowings and $5.2 million of letters of credit outstanding under the accounts receivable securitization facility (“Receivables Facility”), leaving no remaining availability on the total borrowing capacity of $109.8 million. The Receivables Facility is subject to renewal every 364 days and expires in June 2016. In the event the Receivables Facility is not renewed, the Company has the ability to refinance any outstanding borrowings with borrowings under the Corporate Credit Agreement. The permitted borrowings vary depending on the level of eligible receivables and other factors. Under the Receivables Facility, certain subsidiaries, or originators, sell their respective trade receivables on a continuous basis to Cincinnati Bell Funding LLC (“CBF”). Although CBF is a wholly-owned consolidated subsidiary of the Company, CBF is legally separate from the Company and each of the Company’s other subsidiaries. Upon and after the sale or contribution of the accounts receivable to CBF, such accounts receivable are legally assets of CBF and, as such, are not available to creditors of other subsidiaries or the Company.