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DEBT (Tables)

9 Months Ended

Sep. 30, 2018

DEBT

Schedule of Debt


		Outstanding Principal
		(in millions)
		September 30,			December 31,
		2018			2017			Interest Rate		Maturity		Security
Credit Agreements
2014 Revolving Credit Facility		$	342		$	363		LIBOR plus 3.25%-4.00% ABR plus 2.25%-3.00%		June 30, 2021		Shared First-Priority Lien
2017 Credit Agreement			1,300			1,300		LIBOR plus 4.75% ABR plus 3.75%		December 31, 2022(a)		Shared First-Priority Lien
2016 Credit Agreement			1,000			1,000		LIBOR plus 10.375% ABR plus 9.375%		December 31, 2021		First-Priority Lien
Second Lien Notes
Second Lien Notes			2,122			2,250		8%		December 15, 2022(b)		Second-Priority Lien
Senior Notes
5% Senior Notes due 2020			100			100		5%		January 15, 2020		Unsecured
51/2% Senior Notes due 2021			100			100		5.5%		September 15, 2021		Unsecured
6% Senior Notes due 2024			144			193		6%		November 15, 2024		Unsecured
Total		$	5,108		$	5,306

Note: For a detailed description of our credit agreements, second lien notes and senior notes, please see our most recent Form 10-K for the year ended December 31, 2017.

(a)

The 2017 Credit Agreement is subject to a springing maturity of 91 days prior to the maturity of our 2016 Credit Agreement if more than $100 million in principal of the 2016 Credit Agreement is outstanding at that time.

(b)

The Second Lien Notes require principal repayments of approximately $335 million in June 2021, $67 million in December 2021 and $70 million in June 2022.

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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