7.	LONG-TERM DEBT

Long-term debt consists of the following:

	December 31,			December 31,
	2012			2011
5.25% Notes	$	1,315.0		$	--
6.875% Notes		645.2			644.7
8.5% Notes		--			600.0
Other		0.3			0.8
		1,960.5			1,245.5
Less current portion of long-term debt		(0.3	)		(0.5	)
	$	1,960.2		$	1,245.0

In March 2012, the Company issued $500.0 aggregate principal amount of 5.25% senior notes due 2022 (the “5.25% Notes”), in an offering pursuant to the Securities Act of 1933, as amended. The notes are senior unsecured debt obligations of the Company. In July 2012, the Company issued $800.0 additional 5.25% Notes, at an effective yield of 4.9% as an add-on to the existing 5.25% Notes. During 2012, the Company redeemed $600.0 of its 8.5% senior unsecured notes due 2018 (the “8.5% Notes”). The Company incurred a loss on debt extinguishment of $82.1 related to unamortized debt issue costs and fees and expenses related to the repurchase of its 8.5% Notes.

As of December 31, 2012, long-term debt consisted of $1,300.0 aggregate principal amount ($1,315.0 inclusive of original issue premium) of its 5.25% Notes, which had an effective yield of approximately 5.0%, and $650.0 aggregate principal amount ($645.2 net of original issue discount) of 6.875% senior unsecured notes due 2020 (the “6.875% Notes). The Company also has a $950.0 revolving credit facility, as amended and restated as of August 3, 2012, (the “Revolving Credit Facility”), none of which was drawn at December 31, 2012 and 2011.

Borrowings under the Revolving Credit Facility bear interest at an annual rate equal to the London interbank offered rate (“LIBOR”) (as defined in the Revolving Credit Facility) plus 200 basis points or Prime (as defined in the Revolving Credit Facility) plus 100 basis points. If drawn, as of December 31, 2012, the rate under the Revolving Credit Facility would have been approximately 2.3%.

Letters of credit outstanding under the Revolving Credit Facility aggregated $11.6 at December 31, 2012.

The Revolving Credit Facility contains an interest coverage ratio financial covenant (as defined therein) that must be maintained at a level greater than 2.0 to 1 and a total leverage ratio covenant (as defined therein) which limits net debt to a 4.25 to 1 multiple of EBITDA (as defined therein). The Revolving Credit Facility is collateralized by substantially all of the Company’s assets and contains customary affirmative covenants, negative covenants and conditions precedent for borrowings, all of which were met as of December 31, 2012.

Maturities of long-term debt, excluding the $4.8 unamortized original issue discount on the 6.875% Notes and the $15.0 unamortized original issue premium on the 5.25% Notes, are as follows:

Year Ending December 31,
2013	$	0.3
2014		--
2015		--
2016		--
2017		--
Thereafter		1,950.0
Total	$	1,950.3

Interest expense amounted to $124.6, $105.5 and $92.7 for the years ended December 31, 2012, 2011 and 2010, respectively.