6. Debt

Debt is comprised of the following at March 31, 2012 and December 31, 2011:


(in millions)	March 31, 2012			December 31, 2011
Senior Secured Credit Facility Term Loans	$	1,291.4		$	1,001.6
8% Senior Notes due 2016 (1)		294.9			294.6
6¹/8% Senior Notes due 2022 (1)		300.0			300.0
7¹/2% Senior Subordinated Notes due 2017 (2)		656.2			656.5
7¹/2% Senior Subordinated Notes due 2020 (2)		470.1			464.0
Securitization Facility		396.1			300.0
Revolving Credit Facility		—			—
2% Subordinated Note due 2012		—			99.7
Non-U.S. borrowings		27.1			35.6
Other		7.7			7.4

Total debt		3,443.5			3,159.4

Less: current portion		(483.5	)		(269.3	)

Total long-term debt	$	2,960.0		$	2,890.1

(1)	Collectively, the "Senior Notes."

(2)	Collectively, the "Senior Subordinated Notes."

In February 2012, the Company entered into an amendment and borrowed $300 under its senior secured credit facility (the "Facility"), which is comprised of $150 under the existing senior secured term loan A facility that matures in March 2016 and bears interest at LIBOR plus a spread of 225 basis points; and $150 under the existing senior secured term loan B facility that matures in January 2017 and bears interest at LIBOR plus a spread of 300 basis points. The proceeds were used, in part, to repurchase shares of the Company's common stock under the Company's accelerated stock repurchase program (see Note 10).

In February 2012, the Company entered into an amendment to its securitization facility that, in part, increased maximum borrowings from $300 to $400 and extended the maturity date from May 2014 until February 2015. Following the renewal, the borrowing rate margin is 0.90% and the unused line fee is 0.45% per annum.

At March 31, 2012 and December 31, 2011, the carrying value of total debt approximates fair market value. The fair value of the Company's debt is considered either a Level 1 or Level 2 measurement depending on the debt instrument.