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Debt (Tables)
9 Months Ended
Sep. 30, 2012
Debt  
Schedule of outstanding debt

 

 

(in millions)

 

September 30, 2012

 

December 31, 2011

 

Revolving credit facility

 

$

124.0

 

$

 

Term loan A

 

306.3

 

332.5

 

Term loan B

 

332.0

 

332.0

 

Senior notes due 2013

 

150.0

 

150.0

 

Senior notes due 2018

 

411.0

 

407.7

 

Senior notes due 2020

 

621.9

 

613.5

 

Other

 

84.4

 

54.3

 

Total debt

 

2,029.6

 

1,890.0

 

Less current portion and short-term borrowings

 

(114.0

)

(79.1

)

Long-term debt

 

$

1,915.6

 

$

1,810.9

 

 

Current covenant levels of the financial covenants under the senior credit facility

 

 

Fiscal Quarter Ending

 

Consolidated
Senior Secured
Leverage Ratio
(less than)

 

Consolidated Interest
Coverage Ratio
(greater than)

 

September 30, 2012

 

3.50:1.00

 

2.00:1.00

 

December 31, 2012

 

3.50:1.00

 

2.00:1.00

 

March 31, 2013

 

3.50:1.00

 

2.25:1.00

 

June 30, 2013

 

3.25:1.00

 

2.25:1.00

 

September 30, 2013

 

3.25:1.00

 

2.50:1.00

 

December 31, 2013

 

3.25:1.00

 

2.50:1.00

 

March 31, 2014

 

3.25:1.00

 

2.75:1.00

 

June 30, 2014

 

3.25:1.00

 

2.75:1.00

 

September 30, 2014

 

3.25:1.00

 

2.75:1.00

 

December 31, 2014, and thereafter

 

3.00:1.00

 

3.00:1.00

 

 

Senior Notes 9.50 % due 2018
 
Debt  
Schedule of percentage of principal amount at which the entity may redeem the notes

 

 

Year

 

Percentage

 

2014

 

104.750

%

2015

 

102.375

%

2016 and thereafter

 

100.000

%

 

Senior Notes 8.50 % due 2020
 
Debt  
Schedule of aggregate maturities of outstanding debt obligations in subsequent years

 

 

Year

 

Percentage

 

2015

 

104.250

%

2016

 

102.833

%

2017

 

101.417

%

2018 and thereafter

 

100.000

%