Debt Obligations

12 Months Ended

Dec. 31, 2012

Debt Obligations [Abstract]

Debt Obligations

10. Debt Obligations

SS/L Credit Agreement

On December 20, 2010, SS/L entered into an amended and restated credit agreement (the “SS/L Credit Agreement”) with several banks and other financial institutions. The SS/L Credit Agreement provided for a $150 million senior secured revolving credit facility (the “SS/L Revolving Facility”). On December 8, 2011, the SS/L Credit Agreement was amended to increase the letter of credit sublimit from $50 million to $100 million. The SS/L Revolving Facility included a $10 million swingline commitment. The prior $100 million credit agreement was entered into on October 16, 2008 and had a maturity date of October 16, 2011.   

In connection with the closing of the Sale on November 2, 2012, SS/L terminated the SS/L Credit Agreement.

The following summarizes information related to the SS/L Credit Agreement and prior credit agreement (in thousands):

	December 31,
	2011
Letters of credit outstanding	$	4,785
Borrowings		—

	Year Ended December 31,
	2012		2011		2010
Interest expense (including commitment and letter of credit fees)	$	1,353	$	1,302	$	818
Amortization of issuance costs		1,511		725		1,570

Interest expense and amortization of issuance costs were included in income from discontinued operations for the years ended December  31, 2012,  2011 and 2010.