Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Measurements

Schedule of recurring fair value measures

	Recurring Fair Value Measurements
	(in millions)
	Level 1		Level 2		Level 3		Total
As of December 31, 2014
Derivative Assets	$	—	$	191.8	$	—	$	191.8
Derivative Liabilities		—		(38.5)		—		(38.5)
Total	$	—	$	153.3	$	—	$	153.3

Schedule of carrying value and fair value of debt

	September 30,		December 31,
	2015		2014
	(in thousands)
New Revolving Credit Facility
Carrying Value	$	875,828	$	545,000
Fair Value (1)	$	875,828	$	512,414
Term Loan Facility
Carrying Value (2)	$	700,000	$	696,916
Fair Value	$	151,375	$	653,798
2017 Senior Notes
Carrying Value (2)	$	350,000	$	348,669
Fair Value	$	23,230	$	190,400
2019 Senior Notes
Carrying Value (2)	$	577,914	$	293,064
Fair Value	$	67,183	$	184,932
2020 Senior Notes
Carrying Value (2)	$	222,087	$	105,234
Fair Value	$	32,758	$	73,311

(1) The value of the New Revolving Credit Facility, which has a variable interest rate, is stated at the carrying value as of September 30, 2015, as a basis for fair value is indeterminable.

(2) At December 31, 2014 carrying value was equal to the face value, net of discount and were presented as a current liability in the Condensed Consolidated Balance Sheets. At September 30, 2015 the carrying value equals the face value and are presented as a long term liability in “Liabilities Subject to Compromise”.