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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of the Company's Debt

The Company’s debt at September 30, 2016 and December 31, 2015 consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

Borrowings under the Credit Agreement

 

$

 

 

$

 

8.60% senior notes due August 15, 2016

 

 

 

 

 

219.6

 

6.125% senior notes due January 15, 2017

 

 

155.1

 

 

 

251.2

 

7.25% senior notes due May 15, 2018

 

 

45.8

 

 

 

250.0

 

11.25% senior notes due February 1, 2019 (a)

 

 

172.2

 

 

 

172.2

 

8.25% senior notes due March 15, 2019

 

 

21.3

 

 

 

238.9

 

7.625% senior notes due June 15, 2020

 

 

350.0

 

 

 

350.0

 

7.875% senior notes due March 15, 2021

 

 

448.7

 

 

 

448.5

 

8.875% debentures due April 15, 2021

 

 

80.9

 

 

 

80.9

 

7.00% senior notes due February 15, 2022

 

 

140.0

 

 

 

400.0

 

6.50% senior notes due November 15, 2023

 

 

350.0

 

 

 

350.0

 

6.00% senior notes due April 1, 2024

 

 

400.0

 

 

 

400.0

 

6.625% debentures due April 15, 2029

 

 

199.5

 

 

 

199.5

 

8.820% debentures due April 15, 2031

 

 

69.0

 

 

 

69.0

 

Donnelley Financial 8.250% senior notes due 2024

 

 

300.0

 

 

 

 

LSC 8.750% senior notes due 2023

 

 

450.0

 

 

 

 

Donnelley Financial and LSC term loan B facilities

 

 

713.9

 

 

 

 

Other (b)

 

 

38.3

 

 

 

18.7

 

Unamortized debt issuance costs

 

 

(43.8

)

 

 

(25.6

)

Total debt

 

 

3,890.9

 

 

 

3,422.9

 

Less: current portion

 

 

(255.6

)

 

 

(234.6

)

Long-term debt

 

$

3,635.3

 

 

$

3,188.3

 

 

(a)

As of September 30, 2016 and December 31, 2015, the interest rate on the 11.25% senior notes due February 1, 2019 was 13.0% and 12.75%, respectively, as a result of downgrades in the ratings of the notes by the rating agencies.

(b)

Includes miscellaneous debt obligations and capital leases. The balance as of December 31, 2015 also included the fair value adjustments to the 8.25% senior notes due March 15, 2019 related to the Company’s fair value hedges, which were terminated as of September 30, 2016.