v2.4.1.9
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2014
Long-term Debt, Unclassified [Abstract]  
Carrying Value of Long-Term Debt
Long-term debt was as follows:
(dollars in millions)
 
 
December 31,
 
Interest Rate (1)
 
2014
 
2013
Senior secured asset-based revolving credit facility
—
%
 
$
—

 
$
—

Senior secured term loan facility
3.25
%
 
1,513.5

 
1,528.9

Unamortized discount on senior secured term loan facility
 
 
(3.7
)
 
(4.4
)
Senior secured notes due 2018
—
%
 
—

 
325.0

Senior notes due 2019
8.5
%
 
503.9

 
1,305.0

Unamortized premium on senior notes due 2019
 
 
1.3

 
4.2

Senior notes due 2022
6.0
%
 
600.0

 
—

Senior notes due 2024
5.5
%
 
575.0

 
—

Senior subordinated notes due 2017
—
%
 
—

 
92.5

Total long-term debt
 
 
3,190.0

 
3,251.2

Less current maturities of long-term debt
 
 
(15.4
)
 
(45.4
)
Long-term debt, excluding current maturities
 
 
$
3,174.6

 
$
3,205.8

(1)Interest rate at December 31, 2014.
Schedule of Long-term Debt Maturities
As of December 31, 2014, the maturities of long-term debt were as follows:
(in millions)
 
Years ending December 31,
 
2015
$
15.4

2016
—

2017
—

2018
—

2019
503.9

Thereafter
2,673.1

 
$
3,192.4
Deferred Financing Costs Disclosure
The following table summarizes the deferred financing costs activity for the years ended December 31, 2014 and 2013:
(in millions)
December 31,
 
2014
 
2013
Beginning balance
$
30.1

 
$
53.2

Additional costs capitalized
21.9

 
6.1

Recognized in interest expense
(6.4
)
 
(9.1
)
Write-off of unamortized deferred financing costs
(12.6
)
 
(20.1
)
Ending balance
$
33.0

 
$
30.1