11. Debt

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 provides 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 includes a $10 million swingline commitment. The SS/L Credit Agreement matures on January 24, 2014 (the "Maturity Date"). The prior $100 million credit agreement was entered into on October 16, 2008 and had a maturity date of October 16, 2011.

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


	March 31, 2012		December 31, 2011
Letters of credit outstanding	$	4,535	$	4,785
Borrowings		—		—

	Three Months Ended March 31,
	2012		2011
Interest expense (including commitment and letter of credit fees)	$	322	$	321
Amortization of issuance costs	$	181	$	181