Cincinnati Bell 2010 Annual Report Download - page 167

The increase in the Data Center Colocation segment resulted from the CyrusOne acquisition in June 2010.
See Note 2 for further discussion.
Amortization expense for intangible assets subject to amortization was $11.6 million in 2010, $4.1 million
in 2009, and $4.9 million in 2008. The following table presents estimated amortization expense for 2011 through
2015:
(dollars in millions)
2011 ............................................... $17.5
2012 ............................................... 18.4
2013 ............................................... 18.6
2014 ............................................... 18.4
2015 ............................................... 15.7
6. Debt
Debt is comprised of the following:
December 31,
(dollars in millions) 2010 2009
Current portion of long-term debt:
Credit facility, Tranche B Term Loan ......................................... $ — $ 2.1
Capital lease obligations and other debt ....................................... 16.5 13.7
Current portion of long-term debt .......................................... 16.5 15.8
Long-term debt, less current portion: ...........................................
Credit facility, Tranche B Term Loan ......................................... — 202.8
83/8% Senior Subordinated Notes due 2014* ................................... — 569.8
7% Senior Notes due 2015* ................................................ 251.4 252.3
81/4% Senior Notes due 2017 ............................................... 500.0 500.0
83/4% Senior Subordinated Notes due 2018 .................................... 625.0 —
83/8% Senior Notes due 2020 ............................................... 775.0 —
71/4% Senior Notes due 2023 ............................................... 40.0 40.0
Receivables Facility ...................................................... — 85.9
Various Cincinnati Bell Telephone notes ...................................... 207.5 207.5
Capital lease obligations and other debt ....................................... 118.5 111.8
2,517.4 1,970.1
Net unamortized discount .................................................... (10.3) (6.8)
Long-term debt, less current portion ........................................ 2,507.1 1,963.3
Total debt ................................................................. $2,523.6 $1,979.1
* The face amount of these notes has been adjusted for the unamortized called amounts received on
terminated interest rate swaps.
Capital lease obligations are addressed in Note 7.
Corporate Credit Facilities
On June 11, 2010, the Company entered into a new Corporate credit facility agreement, which included a
new revolving credit facility, replacing the existing revolving credit facility that would have expired in August
2012, and a $760 million secured term loan credit facility (“Tranche B Term Loan”). The new Corporate
revolving credit facility provides a $210 million revolving line of credit and terminates in June 2014. The net
proceeds of $737 million from the Tranche B Term Loan were used to fund the acquisition of CyrusOne, to repay
the Company’s previous term loan facility totaling $204.3 million, and to pay related fees and expenses. The
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Form 10-K