Long-term Debt

The Company’s total indebtedness as of September 30, 2014 and December 31, 2013 consisted of the following:



	September 30, 2014		December 31, 2013
	(Dollars in millions)
2013 Term Loan Facility due September 2020	$	1,177.7	$	1,185.4
7.375% Senior Notes due November 2016	650.0		650.0
6.00% Senior Notes due November 2018	1,518.8		1,518.8
6.50% Senior Notes due September 2020	650.0		650.0
6.25% Senior Notes due November 2021	1,339.6		1,339.6
7.875% Senior Notes due November 2026	247.6		247.5
Convertible Junior Subordinated Debentures due December 2066	381.7		379.7
Capital lease obligations	24.3		30.5
Other	1.4		0.9
Total long-term debt	$	5,991.1	$	6,002.4

The carrying amounts of the Convertible Junior Subordinated Debentures due December 2066 (the Debentures), the 2013 Term Loan Facility due September 2020 and the 7.875% Senior Notes due December 2026 have been presented above net of the respective unamortized original issue discounts.

Other than as described in the following section, there were no significant changes to the Company's long-term debt subsequent to December 31, 2013. Information regarding the Company's long-term debt is outlined in Note 12 to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2013.

Debentures Consent Solicitation

In June 2014, the Company received sufficient consents from holders of the Debentures to amend the related indenture and eliminate the provisions relating to the mandatory and optional deferral of interest, thereby providing the Company greater financial and operational flexibility and increased ease of administration with respect to the Debentures. After receiving those consents, the Company entered into a supplemental indenture reflecting the amendments, which binds all holders of the Debentures.

The eliminated provisions related to the mandatory deferral of interest (1) required that the Company defer interest payments on the Debentures under specified circumstances unless it obtained funds for those payments through the sale of qualifying warrants or qualifying preferred stock, (2) subject to limitations, required that the Company obtain the necessary funds through such a sale, and (3) prohibited the Company from making certain distributions (including dividends) with respect to its capital stock during any mandatory extension period (as defined in the original indenture governing the Debentures) and until the Company paid all accrued but unpaid interest on the Debentures. The eliminated provisions related to the optional deferral of interest allowed the Company to defer interest payments on the Debentures at its discretion, in certain circumstances.

Holders of the Debentures that validly consented to the amendments received a consent fee of $15.00 per $1,000 principal amount of the Debentures. The Company paid aggregate consent fees of $10.1 million in June 2014 in connection with the Debentures consent solicitation, which will be amortized over the remaining term of the Debentures. Additionally, the Company incurred $1.6 million in fees to third parties related to the consent solicitation and supplemental indenture, which were classified in "Interest expense" in the unaudited condensed consolidated statement of operations for the nine months ended September 30, 2014.

2013 Credit Facility

On September 24, 2013, the Company entered into a secured credit agreement (the 2013 Credit Facility), which provided for a $1.65 billion revolving credit facility and a $1.20 billion term loan facility (the 2013 Term Loan Facility). Proceeds from the 2013 Term Loan Facility were used primarily to pay off the Company’s then-outstanding term loan borrowings under the Company’s unsecured credit agreements dated June 18, 2010 and October 28, 2011 (as amended). The Company recognized expense of $11.5 million on the write-off of previously deferred financing costs related to those facilities, which was classified in "Interest expense" in the unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2013.

Voluntary Debt Prepayments and Repurchases

During the nine months ended September 30, 2013, prior to the execution of the 2013 Credit Facility, the Company voluntarily prepaid $167.0 million in aggregate principal amount of its previous term loan facilities with existing cash on hand. The Company also repurchased $32.4 million of certain Australian private placement bonds with existing cash on hand during that period. In connection with the foregoing, the Company recognized an aggregate loss on debt extinguishment of $5.4 million during the nine months ended September 30, 2013, which was classified in "Interest expense" in the unaudited condensed consolidated statement of operations for that period.

During the nine months ended September 30, 2014, the Company made no debt payments in excess of scheduled maturities.