DEBT (Tables)

9 Months Ended

Sep. 30, 2021

During 2021, activity of our outstanding debt included:


	Long-term Debt Borrowings (Repayments)		Loss on Debt Extinguishment(1)
	Nine Months Ended September 30, 2021		Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Debt Instrument	($ in millions)
Borrowings:
Senior Term Loans	$	315.0
Receivables Financing Agreement	75.0
Total borrowings	$	390.0
Repayments:
10.00% senior notes due 2025	$	(500.0)	$	—	$	30.9
9.75% senior notes due 2023	(120.0)		—		3.7
5.625% senior notes due 2029	(79.0)		6.0		8.9
5.00% senior notes due 2030	(26.0)		1.5		2.1
Senior Term Loans	(465.0)		1.2		2.0
Receivables Financing Agreement	(50.0)		—		—
Finance leases	(1.1)		—		—
Total repayments	$	(1,241.1)	$	8.7	$	47.6
Long-term debt repayments, net	$	(851.1)

(1) Loss on debt extinguishment is included as interest expense in the condensed statements of operations. The loss includes the payment of bond redemption premiums of $6.7 million and $37.7 million for the three and nine months ended September 30, 2021, respectively, as well as the write-off of deferred debt issuance costs and recognition of deferred fair value interest rate swap losses of $2.0 million and $9.9 million for the three and nine months ended September 30, 2021, respectively, associated with the optional prepayment of existing debt. The cash payments related to the early redemption premiums for the debt extinguishments are classified as cash outflows from financing activities on the condensed statement of cash flows for the nine months ended September 30, 2021. The condensed statement of cash flows reflects a correction to the loss on debt extinguishment and early redemption premiums from the previously issued condensed statement of cash flows for the three months ended March 31, 2021, which increased cash flows from net operating activities and decreased cash flows from net financing activities by $18.7 million. During the fourth quarter of 2021, the previously issued statement of cash flows for the year ended December 31, 2020 will reflect the correction of previously presented early redemption premiums, which will increase cash flows from net operating activities and decrease cash flows from net financing activities by $14.6 million.