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Debt (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Long-Term Debt and Related Weighted Average Interest Rates

A summary of long-term debt and the related weighted average interest rates is shown below (in millions):

 

December 31,

   2013     2012  

Debt Instrument

   Long-Term
Debt
     Weighted
Average
Interest Rate
    Long-Term
Debt
     Weighted
Average
Interest Rate
 

7.875% Senior Notes due 2018

   $ 278.8         8.00   $ 313.4         8.00

8.125% Senior Notes due 2020

     278.3         8.25     312.9         8.25

4.75% Senior Notes due 2023

     500.0         4.75     —           N/A   
  

 

 

      

 

 

    

Long-term debt

   $ 1,057.1         $ 626.3      
  

 

 

      

 

 

    
Redemption Prices

The Company may redeem all or part of the 2018 Notes and 2020 Notes, at its option, at any time on or after March 15, 2014, in the case of the 2018 Notes, and March 15, 2015, in the case of the 2020 Notes, at the redemption prices set forth below plus accrued and unpaid interest to the redemption date.

 

Twelve-Month Period Commencing March 15,

   2018 Notes     2020 Notes  

2014

     103.938     N/A   

2015

     101.969     104.063

2016

     100.0     102.708

2017

     100.0     101.354

2018 and thereafter

     100.0     100.0
Scheduled Maturities of Long-Term Debt

As of December 31, 2013, scheduled maturities of long-term debt for the five succeeding years are shown below (in millions):

 

Year

   Maturities  

2018

   $ 280.0   
4.75% Senior Notes due 2023
 
Redemption Prices

The Company may redeem the 2023 Notes, in whole or in part, on or after January 15, 2018, at the redemption prices set forth below, plus accrued and unpaid interest to the redemption date.

 

Twelve-Month Period Commencing January 15,

   2023 Notes  

2018

     102.375

2019

     101.583

2020

     100.792

2021 and thereafter

     100.0