Long-term Debt and Other Financing (Notes)

6 Months Ended

Jun. 30, 2019

Debt balances at June 30, 2019 and December 31, 2018, are presented below:



	June 30, 2019			December 31, 2018
Credit Facility	$	285.0		$	335.0
7.50% Senior Secured Notes due July 2023 (effective rate of 8.3%)	380.0			380.0
5.00% Exchangeable Senior Notes due November 2019 (effective rate of 10.8%)	148.5			148.5
7.625% Senior Notes due October 2021	406.2			406.2
6.375% Senior Notes due October 2025 (effective rate of 7.1%)	270.2			274.8
7.00% Senior Notes due March 2027	391.6			391.6
Industrial Revenue Bonds due 2020 through 2028	99.3			99.3
Unamortized debt discount and issuance costs	(34.6		)	(41.7		)
Total long-term debt	$	1,946.2		$	1,993.7

During the six months ended June 30, 2019, we were in compliance with all the terms and conditions of our debt agreements. The Exchangeable Notes maturing in 2019 and $7.3 of Industrial Revenue Bonds due in 2020 are classified as long term based on our ability and intent to refinance that debt on a long-term basis. During the six months ended June 30, 2019, we repurchased an aggregate principal amount of $4.6 of our 6.375% Senior Notes due October 2025 in private, open market transactions and recognized a net gain on the repurchases totaling $0.6, which is included in other (income) expense.

Credit Facility

In April 2019, we increased the capacity of our revolving credit facility (the “Credit Facility”), which expires in September 2022, by $150.0 to $1,500.0. As of June 30, 2019, we had outstanding borrowings of $285.0 under the Credit Facility, and our eligible collateral under the Credit Facility, after application of applicable advance rates, was $1,395.2. Availability as of June 30, 2019, was $1,037.1 after reductions of $73.1 for outstanding letters of credit.