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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2014
Indebtedness  
Schedule of debt activity (both current and non-current)

 

                                                                                                                                                                                    

 

 

December 31,
2013

 

Borrowings

 

Repayments

 

Other(4) 

 

December 31,
2014

 

Domestic revolving loan facility

 

$

 

$

472.0

 

$

(339.0

)

$

 

$

133.0

 

Term loan

 

 

475.0

 

 

100.0

 

 

 

 

 

 

575.0

 

6.875% senior notes, due in August 2017

 

 

600.0

 

 

 

 

 

 

 

 

600.0

 

7.625% senior notes(1)

 

 

500.0

 

 

 

 

(500.0

)

 

 

 

 

Trade receivables financing arrangement(2)

 

 

 

 

91.0

 

 

(81.0

)

 

 

 

10.0

 

Other indebtedness(3)

 

 

100.6

 

 

12.7

 

 

(64.7

)

 

3.1

 

 

51.7

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total debt

 

 

1,675.6

 

$

675.7

 

$

(984.7

)

$

3.1

 

 

1,369.7

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Less: short-term debt

 

 

26.9

 

 

 

 

 

 

 

 

 

 

 

181.1

 

Less: current maturities of long-term debt

 

 

558.7

 

 

 

 

 

 

 

 

 

 

 

30.8

 

​  

​  

​  

​  

Total long-term debt

 

$

1,090.0

 

 

 

 

 

 

 

 

 

 

$

1,157.8

 

​  

​  

​  

​  

​  

​  

​  

​  

​  


(1)

As noted below, we completed the redemption of all the 7.625% senior notes during the first quarter of 2014.

(2)

Under this arrangement, we can borrow, on a continuous basis, up to $80.0, as available. At December 31, 2014, we had $70.0 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $10.0.

(3)

Primarily included capital lease obligations of $13.6 and $73.0 and balances under purchase card programs of $32.1 and $25.4 at December 31, 2014 and 2013, respectively. During 2014, we purchased our corporate headquarters facility for cash consideration of $60.8, resulting in the extinguishment of the related capital lease obligation.

(4)

"Other" primarily included debt assumed and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.

 

Schedule of per annum fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans

 

                                                                                                                                                                                    

Consolidated Leverage Ratio

 

Domestic
Revolving
Commitment
Fee

 

Global
Revolving
Commitment
Fee

 

Letter of
Credit
Fee

 

Foreign
Credit
Commitment
Fee and
Bilateral
Foreign
Credit Fee

 

Foreign
Credit
Instrument
Fee and
Bilateral
Foreign
Credit Fee

 

LIBOR
Loans

 

ABR
Loans

 

Greater than or equal to 3.00 to 1.00

 

 

0.35 

%

 

0.35 

%

 

2.00 

%

 

0.35 

%

 

1.25 

%

 

2.00 

%

 

1.00 

%

Between 2.00 to 1.00 and 3.00 to 1.00

 

 

0.30 

%

 

0.30 

%

 

1.75 

%

 

0.30 

%

 

1.00 

%

 

1.75 

%

 

0.75 

%

Between 1.50 to 1.00 and 2.00 to 1.00

 

 

0.275 

%

 

0.275 

%

 

1.50 

%

 

0.275 

%

 

0.875 

%

 

1.50 

%

 

0.50 

%

Between 1.00 to 1.00 and 1.50 to 1.00

 

 

0.25 

%

 

0.25 

%

 

1.375 

%

 

0.25 

%

 

0.80 

%

 

1.375 

%

 

0.375 

%

Less than 1.00 to 1.00

 

 

0.225 

%

 

0.225 

%

 

1.25 

%

 

0.225 

%

 

0.75 

%

 

1.25 

%

 

0.25 

%