Windstream 2013 Annual Report Download - page 195

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
____
F-59
5. Long-term Debt and Capital Lease Obligations, Continued:
The (loss) gain on extinguishment of debt was as follows for the years ended December 31:
(Millions) 2013 2012 2011
2019 Notes:
Premium on early redemption $(13.6) $ — $ —
Third-party fees for early redemption (0.5) — —
Unamortized debt issuance costs on original issuance (0.6) — —
Loss on early extinguishment for 2019 Notes (14.7) — —
Senior secured credit facility:
Unamortized debt issuance costs on original issuance (2.5) — —
Loss on early extinguishment for senior secured credit
facility (2.5) — —
PAETEC 2017 Notes:
Premium on early redemption (51.5) — —
Third-party fees for early redemption (1.0) — —
Unamortized premium on original issuance 41.2 — —
Loss on early extinguishment for PAETEC 2017 Notes (11.3) — —
PAETEC 2015 Notes:
Premium on early redemption — (14.3)—
Unamortized premium on original issuance — 16.2 —
Gain on early extinguishment for PAETEC 2015 Notes — 1.9 —
2016 Notes:
Premium on early redemption — — (101.2)
Unamortized discount on original issuance — — (26.6)
Third-party fees for early redemption — — (3.0)
Unamortized debt issuance costs on original issuance — — (1.1)
Loss on early extinguishment for 2016 Notes — — (131.9)
Valor Notes:
Premium on early redemption — — (10.3)
Third-party fees for early redemption — — (0.4)
Unamortized premium on original issuance — — 6.5
Loss on early extinguishment for Valor Notes — — (4.2)
Total (loss) gain on early extinguishment of debt $(28.5) $ 1.9 $ (136.1)
Capital Lease Obligations
We lease facilities and equipment for use in our operations. These facilities and equipment are included in outside
communications plant in property, plant and equipment in the accompanying consolidated balance sheets. Lease agreements
that include a bargain purchase option, transfer of ownership, contractual lease term equal to or greater than 75 percent of the
remaining estimated economic life of the leased facilities or equipment or minimum lease payments equal to or greater than 90
percent of the fair value of the leased facilities or equipment are accounted for as capital leases in accordance with authoritative
guidance for capital leases. These capital lease obligations are included in the accompanying consolidated balance sheets within
other liabilities and other current liabilities. During 2013, we acquired equipment under capital leases of $72.4 million. We did
not acquire any equipment under capital leases during the years ended December 31, 2012 and 2011.