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FINANCING: | 12 Months Ended
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Dec. 31, 2014
FINANCING: |
FINANCING: | NOTE 10-FINANCING: Long-term debt:
|  |  |  |  |  |  |  | Carrying value as of |
|  | Issuance |  |  |  | Face |  | December 31, |
(in millions) |  | Date |  | Due Date |  | amount |  | 2014 |  | 2013 |
6.375% Senior unsecured notes |  | 2005 |  | 2015 |  | $ | 200 |  | $ | 199.8 |  | $ | 199.7 |
5.375% Senior unsecured notes |  | 2010 |  | 2020 |  | 400 |  | 398.8 |  | 398.6 |
3.500% Senior unsecured notes |  | 2012 |  | 2022 |  | 300 |  | 299.2 |  | 299.1 |
9.250% Yankee Bonds |  | 1998 |  | 2028 |  | 125 |  | 51.1 |  | 51.1 |
7.500% Senior unsecured notes |  | 2005/2006 |  | 2035 |  | 1,000 |  | 985.8 |  | 985.5 |
6.750% Senior unsecured notes |  | 2010 |  | 2040 |  | 1,100 |  | 1,092.2 |  | 1,092.1 |
5.250% Senior unsecured notes |  | 2012 |  | 2042 |  | 1,200 |  | 1,179.1 |  | 1,178.8 |
Total debt |  |  |  |  |  |  |  | 4,206.0 |  | 4,204.9 |
Less, current portion |  |  |  |  |  |  |  | (200.0 | ) | — |
Total long-term debt |  |  |  |  |  |  |  | $ | 4,006.0 |  | $ | 4,204.9 |
The difference between the face amount and the balance as of December 31, 2014 and 2013 of the senior unsecured notes is the unamortized issuance discount, which is being amortized over the term of the related debt. The bonds, referred above as “Yankee bonds”, contain a covenant requiring Minera Mexico to maintain a ratio of EBITDA to interest expense of not less than 2.5 to 1.0 as such terms are defined in the debt instrument. At December 31, 2014, Minera Mexico was in compliance with this covenant. Between July 2005 and November 2012 the Company issued senior unsecured notes six times totaling $4.2 billion as listed above. Interest on the notes is paid semi-annually in arrears. The notes rank pari passu with each other and rank pari passu in right of payment with all of the Company’s other existing and future unsecured and unsubordinated indebtedness. The indentures relating to the notes contain certain restrictive covenants, including limitations on liens, limitations on sale and leaseback transactions, rights of the holders of the notes upon the occurrence of a change of control triggering event, limitations on subsidiary indebtedness and limitations on consolidations, mergers, sales or conveyances. Certain of these covenants cease to be applicable before the notes mature if the Company obtains an investment grade rating. The Company obtained investment grade rating in 2005. The Company has registered these notes under the Securities Act of 1933, as amended. The Company may issue additional debt from time to time pursuant to certain of the indentures. Related to these notes, the Company capitalized $28.9 million of issuance costs which unamortized balance is included in “Other assets,” non-current on the consolidated balance sheet and are being amortized as interest expense over the life of the loans. At December 31, 2014 and 2013, the balance of capitalized debt issuance costs was $25.2 million and $26.1 million, respectively. Amortization charged to interest expense was $0.9 million, $0.8 million and $0.6 million in 2014, 2013 and 2012, respectively. If the Company experiences a Change of Control Triggering Event, the Company must offer to repurchase the notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any. A Change of Control Trigger Event means a Change of Control (as defined) and a rating decline (as defined), that is, if the rating of the notes, by at least one of the rating agencies shall be decreased by one or more gradations. At December 31, 2014, the Company was in compliance with the covenants of the notes. Aggregate maturities of the outstanding borrowings at December 31, 2014, are as follows:
Years |  | Principal Due (*) |
|  | (in millions) |
2015 |  | $ | 200.0 |
2016 |  | — |
2017 |  | — |
2018 |  | — |
Thereafter |  | 4,051.2 |
Total |  | $ | 4,251.2 |
(*)Total debt maturities do not include the debt discount valuation account of $45.2 million.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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