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Long-term Debt | 9 Months Ended
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Sep. 30, 2016
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] |
Dollar amounts in millions |  |  | September 30, 2016 |  | December 31, 2015
| Interest Rate 2016 |  | Principal |  | Unamortized Debt Costs |  | Total |  | Principal |  | Unamortized Debt Costs |  | Total
Senior Notes: |  |  |  |  |  |  |  |  |  |  |  |  |
Senior unsecured notes, maturing 2020 (to be redeemed in 2016), interest rates fixed | 7.5 | % |  | $ | 87.6 |  |  | $ | (0.7 | ) |  | $ | 86.9 |  |  | $ | 350.0 |  |  | $ | (3.7 | ) |  | $ | 346.3 |
Senior unsecured notes, maturing 2024, interest rates fixed | 4.875 | % |  | 350.0 |  |  | (5.2 | ) |  | 344.8 |  |  |  |  |  |  |
Bank credit facilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Chilean term credit facility, maturing 2019, interest rates fixed | UF+3.9% |  |  | 7.0 |  |  | (0.3 | ) |  | 6.7 |  |  | 12.8 |  |  |  |  |  | 12.8 |
Brazilian export financing facility, maturing 2017, interest rates fixed | 6.65 | % |  | 2.0 |  |  |  |  | 2.0 |  |  | 4.0 |  |  |  |  | 4.0 |
Limited recourse notes payable: |  |  |  |  |  |  |  |  |  |  |  |  |
Senior notes, payable 2018, interest rates fixed | 7.3 | % |  | 22.0 |  |  |  |  | 22.0 |  |  | 22.0 |  |  |  |  | 22.0 |
Other financing: |  |  |  |  |  |  |  |  |  |  |  |  |
Non-recourse notes payable 2018 (accelerated for repayment 2016), interest rates variable | 0.5 | % |  | 368.7 |  |  | (0.1 | ) |  | 368.6 |  |  | 368.7 |  |  | (0.2 | ) |  | 368.5 |
Other |  |  | 1.4 |  |  |  |  | 1.4 |  |  | 0.3 |  |  |  |  | 0.3 |
Total |  |  | 838.7 |  |  | (6.3 | ) |  | 832.4 |  |  | 757.8 |  |  | (3.9 | ) |  | 753.9 |
Less: current portion of long term debt |  |  | (458.9 | ) |  | 0.8 |  |  | (458.1 | ) |  | (2.1 | ) |  |  |  | (2.1 | )
Net long-term portion |  |  | $ | 379.8 |  |  | $ | (5.5 | ) |  | $ | 374.3 |  |  | $ | 755.7 |  |  | $ | (3.9 | ) |  | $ | 751.8 |
LP issued $368.7 million of non-recourse notes in 2003 in a private placement to unrelated third parties. The notes were originally scheduled to mature in 2018. The notes are supported by a bank letter of credit. LP’s reimbursement obligations under the letter of credit are secured by $410.0 million in notes receivable (see note 7). In August 2016, LP gave a binding notice to the note holder that LP will pay the notes ($368.6 million, net of $0.1 million of unamortized debt costs) plus accrued interest upon receipt of the proceeds for the notes receivable in November 2016. In May 2012, LP issued $350.0 million aggregate principal amount of 7.5% Senior Notes due 2020. In September 2016, LP announced the commencement of a cash tender offer for any and all of its outstanding 7.5% Senior Notes due 2020 for a purchase price of $1,041.75 for each $1,000 principal amount of 2020 Notes. As of September 30, 2016, LP purchased $262.4 million aggregate principal amount (or approximately 75%) of the Notes. The remaining notes ($86.9 million, net of $0.7 million of unamortized debt costs) plus accrued interest were redeemed in October 2016. The cash required to redeem these notes (including any premium and interest) is classified as Restricted cash for bond redemption on LP's Consolidated Balance Sheet as of September 30, 2016. In connection with this repurchase, LP recorded a loss on early debt extinguishment of $13.2 million, which included $2.2 million associated with the unamortized financing costs associated with these notes. In September 2016, LP issued $350.0 million aggregate principal of 4.875% Senior Notes due 2024. On or after September 15, 2019, LP may, at its option on one or more occasions, redeem all or any portion of these notes at specified redemption rates. Obligations under the indenture governing LP's notes are unsecured and not presently guaranteed by any of LP's subsidiaries. The indenture contains customary covenants applicable to LP and its subsidiaries, other than certain unrestricted subsidiaries, including restrictions on actions and activities that are restricted under the credit facility. The indenture also contains customary events of default, the occurrence of which could result in acceleration of LP's obligations to repay the indebtedness outstanding thereunder. Additional descriptions of LP's indebtedness are included in the consolidated financial statements and the notes thereto included in LP's Annual Report on Form 10-K for the year ended December 31, 2015.

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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 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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