Quarterly report pursuant to Section 13 or 15(d)

Debt And Credit Facilities (Tables)

v2.3.0.15
Debt And Credit Facilities (Tables)
 9 Months Ended
Sep. 30, 2011
Debt And Credit Facilities [Abstract]  
Schedule Of Long-term Debt

($ in Millions)

  

September 30, 2011

  

Debt Instrument

   Type   Average
Annual
Interest Rate		     Final
Maturity		   Total Face
Amount		     Total
Long-term
Debt 		 

$1.25 Billion Term Loan

   Variable     1.73 %        2016     $ 984.4   (6)      $ 922.1  (6) 

$700 Million 4.875% 2021 Senior Notes

   Fixed     4.88 %        2021     700.0          699.3  (5) 

$1.3 Billion Senior Notes:

          

$500 Million 4.80% 2020 Senior Notes

   Fixed     4.80 %        2020     500.0          499.0  (4) 

$800 Million 6.25% 2040 Senior Notes

   Fixed     6.25 %        2040     800.0          790.1  (3) 

$400 Million 5.90% 2020 Senior Notes

   Fixed     5.90 %        2020     400.0          398.0  (2) 

$325 Million Private Placement Senior Notes:

          

Series 2008A - Tranche A

   Fixed     6.31 %        2013     270.0          270.0    

Series 2008A - Tranche B

   Fixed     6.59 %        2015     55.0          55.0    

$1.75 Billion Credit Facility:

          

Revolving Loan

   Variable     1.84 %        2016     1,750.0          250.0  (1) 
       

 

 

    

 

 

  

Total

           $     5,459.4          $     3,883.5     
       

 

 

    

 

 

  

 

December 31, 2010

  

Debt Instrument

   Type   Average
Annual
Interest Rate		     Final
Maturity		   Total Face
Amount		     Total
Long-term
Debt		  

$1 Billion Senior Notes:

          

$500 Million 4.80% 2020 Senior Notes

   Fixed     4.80 %        2020     $ 500.0          $ 499.0  (4) 

$500 Million 6.25% 2040 Senior Notes

   Fixed     6.25 %        2040     500.0          491.3  (3) 

$400 Million 5.90% 2020 Senior Notes

   Fixed     5.90 %        2020     400.0          397.8  (2) 

$325 Million Private Placement Senior Notes:

          

Series 2008A - Tranche A

   Fixed     6.31 %        2013     270.0          270.0    

Series 2008A - Tranche B

   Fixed     6.59 %        2015     55.0          55.0    

$600 Million Credit Facility:

          

Revolving Loan

   Variable     0.0 %        2012     600.0          -      (1) 
       

 

 

    

 

 

  

Total

           $     2,325.0          $     1,713.1     
       

 

 

    

 

 

  

(1) As of September 30, 2011 and December 31, 2010, $250 million and no revolving loans were drawn under the credit facility, respectively, and the principal amount of letter of credit obligations totaled $23.5 million and $64.7 million, respectively, thereby reducing available borrowing capacity to $1,476.5 million and $535.3 million, respectively.

(2) As of September 30, 2011 and December 31, 2010, the $400 million 5.90 percent senior notes were recorded at a par value of $400 million less unamortized discounts of $2.0 million and $2.2 million, respectively, based on an imputed interest rate of 5.98 percent.

(3) As of September 30, 2011 and December 31, 2010, the $800 million and $500 million 6.25 percent senior notes were recorded at par values of $800 million and $500 million, respectively, less unamortized discounts of $9.9 million and $8.7 million, respectively, based on an imputed interest rate of 6.38 percent.

(4) As of September 30, 2011 and December 31, 2010, the $500 million 4.80 percent senior notes were recorded at a par value of $500 million less unamortized discounts of $1.0 million and $1.0 million, respectively, based on an imputed interest rate of 4.83 percent.

(5) As of September 30, 2011, the $700 million 4.875 percent senior notes were recorded at a par value of $700 million less unamortized discounts of $0.7 million, based on an imputed interest rate of 4.89 percent.

(6) As of September 30, 2011, $265.6 million had been paid down on the orgininal $1.25 billion term loan and of the remaining term loan $62.3 million was classified as Current portion of term loan. The current classification is based upon the principal payment terms of the arrangement requiring principal payments on each three-month anniversary following the funding of the term loan.