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LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of long-term debt
A summary of the Company’s consolidated long-term debt as of June 30, 2016 and December 31, 2015 is outlined in the table below:
 
 
Maturity
Date
 
As of
June 30,
2016
 
As of
December 31,
2015
Revolving Credit Facility(1)
 
April 2018
 
$
1,350.0

 
$
250.0

Series A-1 Tranche A Term Loan Facility(1)
 
April 2016
 
—

 
140.4

Series A-2 Tranche A Term Loan Facility(1)
 
April 2016
 
—

 
137.3

Series A-3 Tranche A Term Loan Facility(1)
 
October 2018
 
1,424.1

 
1,881.5

Series A-4 Tranche A Term Loan Facility(1)
 
April 2020
 
835.6

 
951.3

Series D-2 Tranche B Term Loan Facility(1)
 
February 2019
 
1,053.1

 
1,087.5

Series C-2 Tranche B Term Loan Facility(1)
 
December 2019
 
808.9

 
835.1

Series E-1 Tranche B Term Loan Facility(1)
 
August 2020
 
2,445.7

 
2,531.2

Series F Tranche B Term Loan Facility(1)
 
April 2022
 
3,879.5

 
4,055.8

Senior Notes:
 
 
 
 
 
 
7.00%
 
October 2020
 
688.2

 
688.0

6.75%
 
August 2021
 
646.4

 
646.1

7.25%
 
July 2022
 
542.7

 
542.1

6.375%
 
October 2020
 
2,228.9

 
2,226.5

6.75%
 
August 2018
 
1,590.9

 
1,588.8

7.50%
 
July 2021
 
1,611.1

 
1,609.7

5.625%
 
December 2021
 
893.8

 
893.2

5.50%
 
March 2023
 
991.3

 
990.6

5.375%
 
March 2020
 
1,982.2

 
1,979.9

5.875%
 
May 2023
 
3,217.3

 
3,215.0

4.50%(2)
 
May 2023
 
1,649.1

 
1,611.8

6.125%
 
April 2025
 
3,216.2

 
3,214.3

Other(3)
 
Various
 
12.3

 
12.3

 
 
 
 
31,067.3

 
31,088.4

Less current portion
 
 
 
(294.1
)
 
(823.0
)
Total long-term debt
 
 
 
$
30,773.2

 
$
30,265.4

____________________________________
(1)
Together, the “Senior Secured Credit Facilities” under the Company’s Third Amended and Restated Credit and Guaranty Agreement, as amended (the “Credit Agreement”).
(2)
Represents the U.S. dollar equivalent of Euro-denominated debt (discussed below).
(3)
Relates primarily to the debentures assumed in the acquisition of B&L.
Schedule of effective interest rates for long-term debt
The effective rates of interest for the six-month period ended June 30, 2016 and the applicable margins available as of June 30, 2016 on the Company's borrowings under the Senior Secured Credit Facilities were as follows:
 
 
 
Margins
 
Effective Interest Rate
 
Base Rate Borrowings
 
LIBO Rate Borrowings
Revolving Credit Facility
3.41
%
 
2.25
%
 
3.25
%
Series A-1 Tranche A Term Loan Facility(1)
2.68
%
 
2.25
%
 
3.25
%
Series A-2 Tranche A Term Loan Facility(1)
2.68
%
 
2.25
%
 
3.25
%
Series A-3 Tranche A Term Loan Facility
3.20
%
 
2.25
%
 
3.25
%
Series A-4 Tranche A Term Loan Facility
3.37
%
 
2.25
%
 
3.25
%
Series D-2 Tranche B Term Loan Facility(2)
4.07
%
 
2.75
%
 
3.75
%
Series C-2 Tranche B Term Loan Facility(2)
4.32
%
 
3.00
%
 
4.00
%
Series E-1 Tranche B Term Loan Facility(2)
4.19
%
 
3.00
%
 
4.00
%
Series F Tranche B Term Loan Facility(2)
4.44
%
 
3.25
%
 
4.25
%
____________________________________
(1)
Fully repaid in the three-month period ended March 31, 2016.
(2)
Subject to a 1.75% base rate floor and a 0.75% LIBO rate floor.