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Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES (Narrative) (Details)

v3.5.0.2
DEBT AND CREDIT FACILITIES (Narrative) (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Payments of Debt Issuance Costs Ìý Ìý $ 5.2 $ 33.6 Ìý
Letters of credit outstanding $ 108.8 Ìý 108.8 Ìý $ 186.3
Gain (loss) on extinguishment/restructuring of debt (18.3) $ 79.2 164.1 $ 392.9 Ìý
Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Credit facility, amount outstanding [1] 0.0 Ìý 0.0 Ìý Ìý
Line of Credit Facility, Maximum Borrowing Capacity 355.7 Ìý 355.7 Ìý 366.0
Debt Instrument, Par Value 550.0 [1] Ìý 550.0 [1] Ìý 550.0 [2]
Credit facility remaining capacity 246.9 Ìý 246.9 Ìý 179.2
Letters of credit outstanding $ 108.8 Ìý $ 108.8 Ìý $ 186.3
Revolving Credit Facility [Member] | Minimum [Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Base Rate Ìý Ìý 0.005 Ìý Ìý
$218.5 Million 8.00% 2020 Lien Notes [Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Stated interest rate 8.00% Ìý 8.00% Ìý Ìý
Repurchase Price of $218.5M 8.00% Notes if Triggering Event Occurs Ìý Ìý 1.01 Ìý Ìý
Initial Redemption Price Ìý Ìý 1.04 Ìý Ìý
Debt Instrument, Par Value $ 218.5 Ìý $ 218.5 Ìý Ìý
Redemption Price after September 30, 2017 Ìý Ìý 1.00 Ìý Ìý
Redemption Price from time to time and prior to September 30, 2017 Ìý Ìý 1.00 Ìý Ìý
Amount in aggregate that can be redeemed on or prior to September 30, 2017 Ìý Ìý 0.35 Ìý Ìý
Redemption Price of 35 percent or less of Outstanding Ìý Ìý 1.08 Ìý Ìý
Amount to Remain Outstanding Prior to September 30, 2017 Ìý Ìý 0.65 Ìý Ìý
$544 Million 7.75% 2020 Lien Notes[Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Stated interest rate 7.75% Ìý 7.75% Ìý Ìý
$540 Million 8.25% 2020 Lien Notes [Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Stated interest rate 8.25% Ìý 8.25% Ìý Ìý
In the Event of Default Amount that will Accelerate Ìý Ìý 0.25 Ìý Ìý
Senior Notes Five Hundred Million 3.95% [Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Par Value $ 283.6 Ìý $ 283.6 Ìý Ìý
Debt Redemption Expenses 2.5 Ìý Ìý Ìý Ìý
Debt Instrument, Repurchase Amount 301.0 Ìý 301.0 Ìý Ìý
Amortization of Debt Discount (Premium) $ 17.4 Ìý Ìý Ìý Ìý
Gain (loss) on extinguishment/restructuring of debt Ìý Ìý 19.9 Ìý Ìý
Exchange of Debt [Member] | $218.5 Million 8.00% 2020 Lien Notes [Member] Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility [Line Items] Ìý Ìý Ìý Ìý Ìý
Gain (loss) on extinguishment/restructuring of debt Ìý Ìý $ 174.3 Ìý Ìý
[1] As of SeptemberÌý30, 2016, no loans were drawn under the ABL Facility and we had total availability of $355.7 million as a result of borrowing base limitations. As of SeptemberÌý30, 2016, the principal amount of letter of credit obligations totaled $108.8 million, thereby further reducing available borrowing capacity on our ABL Facility to $246.9 million.
[2] As of DecemberÌý31, 2015, no loans were drawn under the ABL Facility and we had total availability of $366.0 million as a result of borrowing base limitations. As of DecemberÌý31, 2015, the principal amount of letter of credit obligations totaled $186.3 million and commodity hedge obligations totaled $0.5 million, thereby further reducing available borrowing capacity on our ABL Facility to $179.2 million.