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Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt

Debt is comprised of the following at December 31, 2013 and 2012:

 

(in millions)

   December 31,
2013
    December 31,
2012
 

Senior Secured Credit Facility Term Loans

   $ 2,127.4      $ 1,235.5   

8% Senior Notes due 2016

     —          295.7   

6 18% Senior Notes due 2022 (a)

     300.0        300.0   

7 12% Senior Subordinated Notes due 2017 (b)

     654.1        655.3   

7 12% Senior Subordinated Notes due 2020 (b)

     477.1        468.4   

17/8% Senior Subordinated Convertible Notes due 2018 (c)

     433.0        420.9   

1 12% Senior Subordinated Convertible Notes due 2019 (c)

     218.5        —     

Securitization Facility

     477.9        383.8   

Non-U.S. borrowings

     45.6        31.8   

Other

     8.8        6.7   
  

 

 

   

 

 

 

Total debt

     4,742.4        3,798.1   
  

 

 

   

 

 

 

Less: current portion

     (655.1     (504.7
  

 

 

   

 

 

 

Total long-term debt

   $ 4,087.3      $ 3,293.4  
  

 

 

   

 

 

 

 

(a) The “Senior Notes.”
(b) Collectively, the “Senior Subordinated Notes.”
(c) Collectively, the “Senior Subordinated Convertible Notes.”
Debt Maturities

The Company’s debt maturities for the five years following December 31, 2013 and thereafter are as follows:

 

Years Ending December 31,

   Amount  
     (in millions)  

2014

   $ 655.1   

2015

     320.4   

2016

     343.1   

2017

     665.3   

2018

     1,115.7   

Thereafter

     1,760.0   
  

 

 

 

Total principal payments

     4,859.6   

Net discount and other

     (117.2
  

 

 

 

Total

   $ 4,742.4   
  

 

 

 
Fair Market Value of Total Debt

At December 31, 2013 and 2012, the approximate fair market value of total debt is as follows:

 

(in millions)

   2013      2012  

Level 1

   $ 1,589       $ 1,895   

Level 2

     3,344         2,076   
  

 

 

    

 

 

 

Total

   $ 4,933       $ 3,971