DEBT

Credit Facility

USEC's $110.0 million credit facility matured on September 30, 2013 and was not renewed or replaced. Letters of credit as of September 30, 2013 remain outstanding until their maturity. Utilization of the credit facility at September 30, 2013 and December 31, 2012 follows:



	September 30, 2013		December 31, 2012
	(millions)
Borrowings under the revolving credit facility	$	—	$	—
Term loan	—		83.2
Letters of credit	1.6		14.7
Available credit	—		87.1

Convertible Senior Notes due 2014

Convertible senior notes amounted to $530.0 million as of September 30, 2013 and December 31, 2012. The convertible senior notes are due October 1, 2014. Interest of 3.0% is payable semi-annually in arrears and is due by April 1 and October 1 of each year. The notes were not eligible for conversion to common stock as of September 30, 2013 or December 31, 2012.

Deferred Financing Costs

Financing costs are generally deferred and amortized over the life of the instrument. A summary of deferred financing costs for the nine months ended September 30, 2013 follows (in millions):



	December 31, 2012		Additions		Reductions			September 30, 2013
Other current assets:
Bank credit facilities	$	3.0	$	2.1	$	(5.1	)	$	—

Deferred financing costs (long-term):
Convertible notes	$	3.6	$	—	$	(1.5	)	$	2.1