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Long-Term and Other Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The following reflects our outstanding debt:
 
 
As of
 
 
September 30, 2017
 
December 31, 2016
 
 
Face value
 
Unamortized debt discount/premium and deferred financing costs, net
 
Book value
 
Book value
Senior Secured Credit Facilities:
 
 
 
 
 
 
 
 
Revolver, varying interest rate, due 2018
 
$
—

 
$
—

 
$
—

 
$
45.0

Revolver, varying interest rate, due 2020
 
—

 
—

 
—

 
—

Term Loan B-1
 
—

 
—

 
—

 
2,183.5

Term Loan B-2
 
—

 
—

 
—

 
1,905.8

Term Loan B-3
 
—

 
—

 
—

 
—

Term Loan B-4
 
3,282.8

 
(83.8
)
 
3,199.0

Term Loan B-4
—

Senior Notes:
 
 
 
 
 
 
 
 
Secured Notes
 
2,100.0

 
32.4

 
2,132.4

 
936.3

Unsecured Notes
 
2,200.0

 
(31.4
)
 
2,168.6

 
2,164.0

Subordinated Notes:
 
 
 
 
 
 
 
 
2018 Notes
 
—

 
—

 
—

 
248.7

2020 Notes
 
243.5

 
(1.8
)
 
241.7

 
241.2

2021 Notes
 
340.6

 
(5.0
)
 
335.6

 
334.5

Capital lease obligations, 3.9% interest as of September 30, 2017 payable monthly through 2019
 
11.5

 
—

 
11.5

 
15.2

Total long-term debt outstanding
 
$
8,178.4

 
$
(89.6
)
 
$
8,088.8

 
$
8,074.2

Less: current portion of long-term debt
 
 
 
 
 
(39.9
)
 
(49.3
)
Long-term debt, excluding current portion
 
 
 
 
 
$
8,048.9

 
$
8,024.9

Fair value of debt(1)
 
$
8,589.5

 
 
 
 
 
$
8,221.8

(1) Fair value of our fixed rate and variable interest rate debt is classified within level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.
Schedule of Components of Extinguishment and Modification of Debt
The following are components of the (loss) gain on debt financing transactions resulting from debt extinguishment and modification accounting for the three and nine months ended September 30, 2017 and 2016:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Repurchase and cancellation of principal balance at discount
$
—

 
$
—

 
$
—

 
$
26.0

Unamortized debt discount and deferred financing costs
(0.6
)
 
—

 
(26.4
)
 
(0.8
)
Third party debt issuance fees
(7.8
)
 
—

 
(11.7
)
 
—

Total (loss) gain on debt financing transactions
$
(8.4
)

$
—


$
(38.1
)

$
25.2