Current and Long-term Debt

The Company’s total indebtedness as of March 31, 2017 and December 31, 2016 consisted of the following:



	March 31, 2017		December 31, 2016
	(Dollars in millions)
6.000% Senior Notes due March 2022	$	475.4	$	—
6.375% Senior Notes due March 2025	475.1		—
2013 Revolver	1,555.2		1,558.1
2013 Term Loan Facility due September 2020	1,154.5		1,154.5
6.00% Senior Notes due November 2018	1,509.9		1,509.9
6.50% Senior Notes due September 2020	645.8		645.8
6.25% Senior Notes due November 2021	1,327.7		1,327.7
10.00% Senior Secured Second Lien Notes due March 2022	962.3		962.3
7.875% Senior Notes due November 2026	245.9		245.9
Convertible Junior Subordinated Debentures due December 2066	367.1		367.1
Capital lease obligations	17.6		19.7
Other	0.5		0.4
	8,737.0		7,791.4
Less: Current portion of long-term debt	18.2		20.2
Less: Liabilities subject to compromise	7,768.3		7,771.2
Long-term debt	$	950.5	$	—

The carrying amounts of the Successor Notes, the 2013 Term Loan Facility due September 2020, the 10.00% Senior Secured Second Lien Notes due March 2022 (the Senior Secured Second Lien Notes), the 6.00% Senior Notes due November 2018, the 6.50% Senior Notes due September 2020, the 6.25% Senior Notes due November 2021, the 7.875% Senior Notes due November 2026 (collectively, the Senior Notes), and the Convertible Junior Subordinated Debentures due December 2066 (the Debentures) have been presented above net of the respective unamortized debt issuance costs and original issue discounts, as applicable.

As of March 31, 2017 and December 31, 2016, substantially all of the Company's long-term debt, with the exception of the Successor Notes and capital lease obligations, was recorded in “Liabilities subject to compromise” in the consolidated balance sheets. Refer to Note 4. "Liabilities Subject to Compromise" for additional information.

In connection with the Chapter 11 Cases, the Company was required to pay monthly adequate protection payments to certain first lien creditors in accordance with the rates defined in its existing prepetition credit facility which included the 2013 Revolver and the 2013 Term Loan Facility due September 2020. The adequate protection payments were recorded as "Interest expense" in the consolidated statement of operations, which totaled $29.8 million for the three months ended March 31, 2017.

The Company has not recorded interest expense on the 6.00% Senior Notes due November 2018, the 6.50% Senior Notes due September 2020, the 6.25% Senior Notes due November 2021, the Debentures, the Senior Secured Second Lien Notes or the 7.875% Senior Notes due November 2026 since the filing of the Bankruptcy Petitions on the Petition Date. The Company's contractual interest obligation of $92.9 million for the three months ended March 31, 2017 was automatically stayed in accordance with Section 502(b)(2) of the Bankruptcy Code.

Financing costs related to the Company’s prepetition indebtedness were being amortized to interest expense over the remaining term of the associated debt prior to the Bankruptcy Petitions. The remaining balance at March 31, 2017 was $89.0 million.

As more fully described in Note 1. "Basis of Presentation", on the Effective Date, all of the debt instruments associated with the indebtedness included in the above table, with the exception of the 6.000% Senior Notes due March 2022, the 6.375% Senior Notes due March 2025, and $18.0 million of capital lease and other obligations outstanding at March 31, 2017, were canceled and the debt obligations discharged. The Company was concurrently recapitalized with new debt and equity instruments, including the 6.000% Senior Notes due March 2022 and the 6.375% Senior Notes due March 2025, in accordance with the Plan.