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Long-Term and Other Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of debt outstanding
The following reflects outstanding debt as of the dates indicated below:
 
 
As of December 31,
 
 
 
 
2016
 
 
 
2015
 
 
Final Maturity
 
Rate(s)
 
Face Value
 
Unamortized
debt discount
 
Unamortized deferred
financing costs
 
Book Value
 
Book Value
Senior Secured Credit Facilities (1):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Revolver
 
2018
 
variable

 
$
45.0

 
$
—

 
$
—

 
$
45.0

 
$
95.0

Term Loan B-1
 
2020
 
variable

 
2,231.0

 
(6.1
)
 
(41.4
)
 
2,183.5

 
2,193.7

Term Loan B-2
 
2021
 
variable

 
1,960.0

 
(13.7
)
 
(40.5
)
 
1,905.8

 
1,914.1

Senior Notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured Notes (1)
 
2022
 
7.000
%
 
950.0

 
—

 
(13.7
)
 
936.3

 
933.6

Unsecured Notes
 
2022
 
10.000
%
 
2,200.0

 
—

 
(36.0
)
 
2,164.0

 
2,157.9

Subordinated Notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018 Notes (1)
 
2018
 
8.125
%
 
250.0

 
—

 
(1.3
)
 
248.7

 
248.0

2020 Notes
 
2020
 
6.250
%
 
243.5

 
—

 
(2.3
)
 
241.2

 
296.4

2021 Notes
 
2021
 
6.625
%
 
340.6

 
(1.5
)
 
(4.6
)
 
334.5

 
342.6

Capital lease obligations
 
2019
 
3.900
%
 
15.2

 
—

 
—

 
15.2

 
25.7

Total long-term debt outstanding
 
 
 
 
 
$
8,235.3

 
$
(21.3
)
 
$
(139.8
)
 
$
8,074.2

 
$
8,207.0

Less: current portion of long-term debt
 
 
 
 
 

 

 

 
(49.3
)
 
(50.3
)
Long-term debt, excluding current portion
 
 
 
 
 

 

 

 
$
8,024.9

 
$
8,156.7

Fair value of debt (2)
 
 
 
 
 
$
8,221.8

 
 
 
 
 
 
 
 

______________________________________
(1) Refer to the discussion relating to the February 2017 Financing described herein.
(2) Fair value of our fixed rate and variable interest rate debt as of December 31, 2016 approximated $8,221.8 million based on quoted market prices for our securities. We classify the fair value of debt within level 2 in the fair value hierarchy.
Schedule of debt and capital lease payments due over the next five years and beyond
The following reflects debt and capital lease payments due over the next five years and beyond as of December 31, 2016:
 
 
Total
 
2017
 
2018
 
2019
 
2020
 
2021
 
After 2021
Senior Secured Credit Facilities
 
$
4,236.0

 
$
43.0

 
$
88.0

 
$
43.0

 
$
2,182.0

 
$
1,880.0

 
$
—

Senior Notes
 
3,150.0

 
—

 
—

 
—

 
—

 
—

 
3,150.0

Subordinated Notes
 
834.1

 
—

 
250.0

 
—

 
243.5

 
340.6

 
—

Capital lease obligations, payable monthly through 2019
 
15.2

 
6.3

 
6.5

 
2.4

 
—

 
—

 
—

Total long-term debt outstanding
 
$
8,235.3

 
$
49.3

 
$
344.5

 
$
45.4

 
$
2,425.5

 
$
2,220.6

 
$
3,150.0

Unamortized deferred financing costs and discount
 
(161.1
)
 
 
 
 
 
 
 
 
 
 
 
 
Total debt book value
 
$
8,074.2