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Senior Notes
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Senior Notes
Senior Notes
At December 31, 2014, the Company had three senior notes outstanding. The principal terms of these notes are summarized below.
 
2022
Senior
Notes
 
2024
Senior
Notes
 
2042
Senior
Notes
Issue date
October 2012

 
February 2014

 
August 2012

Maturity date
October 2022

 
February 2024

 
August 2042

Potential Call Date
October 2015

 
Any Time (1)

 
August 2017

Par value (in millions)
$
140.0

 
$
400.0

 
$
200.0

Call Price
At Par

 
As Defined (1)

 
At Par

Stated coupon
5.25
%
 
4.25
%
 
6.375
%
Coupon frequency
Quarterly

 
Semi-annually

 
Quarterly


_______________________________________________________________________________

(1)
The 2024 senior notes may be redeemed at any time, in whole or in part, at a make-whole redemption price plus accrued and unpaid interest.

On February 13, 2015, the Company issued $350.0 million aggregate principal amount of 3.50% senior notes due 2025 (the "2025 senior notes"). The unsecured 2025 senior notes pay interest semi-annually and may be redeemed at any time, in whole or in part, at a make-whole redemption price plus accrued and unpaid interest. In addition to customary event of default provisions, the indenture limits the Company's ability to consolidate, merge or sell all or substantially all of its assets.