Long-term Debt and Other Financing (Notes)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Long-term Debt and Other Financing

Long-term Debt and Other Financing

Debt balances at June 30, 2018 and December 31, 2017, are presented below:

	June 30, 2018			December 31, 2017
Credit Facility	$	370.0		$	450.0
7.50% Senior Secured Notes due July 2023 (effective rate of 8.3%)	380.0			380.0
5.00% Exchangeable Senior Notes due November 2019 (effective rate of 10.8%)	150.0			150.0
7.625% Senior Notes due October 2021	406.2			406.2
6.375% Senior Notes due October 2025 (effective rate of 7.1%)	280.0			280.0
7.00% Senior Notes due March 2027	400.0			400.0
Industrial Revenue Bonds due 2020 through 2028	99.3			99.3
Unamortized debt discount and issuance costs	(48.9		)	(55.4		)
Total long-term debt	$	2,036.6		$	2,110.1

During the six months ended June 30, 2018, we were in compliance with all the terms and conditions of our debt agreements. In the six months ended June 30, 2017, we recognized other expense of $13.1 for expenses related to the repurchase of senior unsecured notes.

Credit Facility

We have a $1,350.0 revolving credit facility (the “Credit Facility”), which expires in September 2022. As of June 30, 2018, we had outstanding borrowings of $370.0 under the Credit Facility. At June 30, 2018, our eligible collateral, after application of applicable advance rates, was in excess of $1,350.0. Availability as of June 30, 2018, was $908.5 after reductions of $71.5 for outstanding letters of credit.