.3 . in accordance with eitf issue no . 96-19 , debtor 2019s accounting for a modification or exchange of debt instruments ( 201ceitf 96-19 201d ) , this transaction is treated as an exchange of debt for accounting purposes because the present value of the remaining cash flows under the terms of the original instrument are not substantially different from those of the new instrument . the new floating rate notes are reflected on our consolidated balance sheet net of the $ 10