Debt

The Company’s debt consists of the following:



	March 31,			December 31,
(dollars in millions)	2017			2016
Current portion of long-term debt:
Capital lease obligations and other debt	$	8.2		$	7.5
Current portion of long-term debt	8.2			7.5
Long-term debt, less current portion:
Receivables Facility	—			89.5
Corporate Credit Agreement - Tranche B Term Loan	315.8			315.8
7 1/4% Senior Notes due 2023	22.3			22.3
7% Senior Notes due 2024	625.0			625.0
Cincinnati Bell Telephone Notes	87.9			87.9
Capital lease obligations and other debt	65.8			62.0
	1,116.8			1,202.5
Net unamortized premium	8.3			8.5
Unamortized note issuance costs	(11.4		)	(11.9		)
Long-term debt, less current portion	1,113.7			1,199.1
Total debt	$	1,121.9		$	1,206.6

Corporate Credit Agreement

There were no outstanding borrowings on the Corporate Credit Agreement's revolving credit facility, leaving $150.0 million available for borrowings as of March 31, 2017. This revolving credit facility expires in January 2020.

Accounts Receivable Securitization Facility

As of March 31, 2017, the Company had no borrowings and $6.3 million of letters of credit outstanding under the accounts receivable securitization facility ("Receivables Facility"), leaving $112.3 million remaining availability on the total borrowing capacity of $118.6 million. In the second quarter of 2016, the Company executed an amendment of its Receivables Facility, which replaced, amended and added certain provisions and definitions to increase the credit availability, renew the facility, which is subject to renewal every 364 days, until May 2017, and extend the facility's termination date to May 2019. 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. Under the terms of the Receivables Facility, the Company could obtain up to $120.0 million depending on the quantity and quality of accounts receivable. Under this agreement, 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 the Company's other subsidiaries or the Company.

Cincinnati Bell Telephone Notes

In April, 2017, the Company filed a Form 15 with the SEC to de-list the Cincinnati Bell Telephone Notes ("CBT Notes") due to the number of registrants no longer exceeding 300. Therefore, the Company is no longer required to prepare supplemental guarantor information related to the CBT Notes.