DEBT

As of June 30, 2013 and December 31, 2012, the Company’s long-term debt consisted of the following obligations (in thousands):



	June 30, 2013		December 31, 2012
Revolving credit facility	$	—	$	—
10¼% senior unsecured notes	225,000		225,000
Capital leases	495		1,379
	225,495		226,379
Less: obligations maturing within one year	178		953
Long term debt - net of current portion	$	225,317	$	225,426

Existing Revolving Credit Facility

On July 3, 2012, the Company entered into a Third Amendment to the Second Amended and Restated Credit Agreement, by and among the Company, as borrower, all of its subsidiaries as guarantors thereto, the lenders, Healthcare Finance Group, LLC, an administrative agent, and the other parties thereto. The amendment reduced revolving commitments from $150 million to $125 million; eliminated the minimum revolving balance requirement; increased the basket limitation for loans and advances to third parties and investments in permitted joint ventures to $60 million; removed the dollar limitation on permitted acquisitions so long as the proposed acquisition meets the pro forma and other conditions; lowered the LIBOR floor to 1.00% from 1.25%; and modified the definition of the term “Consolidated EBITDA”. There were no borrowings under the existing revolving credit facility as of June 30, 2013. Subsequent to June 30, 2013, the Company entered into its new senior credit facilities and, in connection therewith, terminated the existing revolving credit facility (see Note 15 Subsequent Events).

10 1/4% Senior Unsecured Notes

On June 3, 2013, the Company commenced an Offer to Purchase and Consent Solicitation (the "Offer") to the holders of the Company's outstanding 10 1/4% senior unsecured notes due 2015 (the "Notes") to purchase any and all of the Notes at $1,056.25 cash for each $1,000.00 of principal plus accrued but unpaid interest to the date of purchase.

As part of the Offer, the Company solicited consents from the holders of the Notes to amend certain provisions of the indenture governing the Notes (the "Indenture") that would eliminate substantially all of the restrictive covenants, certain events of default and other provisions included in the Indenture.

As of June 30, 2013, the carrying amount of the Notes was $225.0 million, and the estimate of the fair value of the Notes, based on current market rates for debt of the same risk and maturities, was $247.8 million. The estimated fair value was calculated using level 3 inputs and was based on current market rates for debt of the same risk and maturities.

Subsequent to June 30, 2013, the Company gave a mandatory 30-day redemption notice to holders that did not tender their Notes (See Note 15, Subsequent Events). Subsequent to June 30, 2013, the Company received consents representing approximately 56.1% in aggregate principal amount of the outstanding Notes (See Note 15, Subsequent Events). Subsequent to June 30, 2013, the also Company entered into its new senior credit facilities and, in connection therewith, the Company completed (i) the Offer and (ii) the previously announced mandatory redemption to the holders who did not tender their Notes with an aggregate cash payment of $237.2 million plus accrued but unpaid interest of $8.2 million, paid from proceeds received under its new senior secured credit facility (see Note 15, Subsequent Events).