XML 51 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Debt
The Company's debt consists of the following (in millions):
 
Weighted Average Effective Interest Rate at December 31, 2017
 
Weighted Average Stated Interest Rate at December 31, 2017
 
Fixed or Floating Interest Rate
 
Maturity
 
December 31,
2017
 
December 31,
2016
Senior Secured Second Priority Notes
 
 
 
 
 
 
 
 
 
 
 
2022 Notes
7.88%
 
7.50%
 
Fixed
 
2022
 
$
488.0

 
$
610.0

2024 Notes
8.06%
 
7.75%
 
Fixed
 
2024
 
500.0

 
625.0

Other Debt
 
 
 
 
 
 
 
 
 
 
 
ABL Credit Facility
N/A
 
3.26%
 
Floating
 
2021
 
1,130.0

 
910.0

Capital leases
4.02%
 
N/A
 
Fixed
 
2018-2020
 
53.7

 
70.3

Other borrowings
N/A
 
4.79%
 
Floating
 
2018
 
2.6

 

Unamortized Debt Issuance Costs(a)
 
 
 
 
 
 
 
 
(14.5
)
 
(21.0
)
Total debt
 
 
 
 
 
 
 
 
2,159.8

 
2,194.3

Less: Current maturities of long-term debt
 
 
 
 
 
 
 
 
(22.7
)
 
(15.7
)
Long-term debt, net
 
 
 
 
 
 
 
 
$
2,137.1

 
$
2,178.6



(a)
Unamortized debt issuance costs totaling $13.3 million and $17.1 million related to the ABL Credit Facility (as defined below) are included in "Other long-term assets" in the consolidated balance sheet as of December 31, 2017 and December 31, 2016, respectively.
Nominal Principal Amounts of Maturities of Debt
The nominal principal amounts of maturities of debt for each of the periods ending December 31 are as follows (in millions):
2018
$
22.7

2019
22.1

2020
11.5

2021
1,130.0

2022
488.0

After 2022
500.0

Total
$
2,174.3

Borrowing Capacity and Availability on Line of Credit
After outstanding borrowings, the following was available to the Company under the ABL Credit Facility as of December 31, 2017 (in millions):
 
Remaining
Capacity
 
Availability Under
Borrowing Base
Limitation
ABL Credit Facility
$
597.2

 
$
597.2