NOTE 8 – LONG-TERM DEBT

Long-term debt consists of the following:


(in millions)	September 30, 2013			December 31, 2012

Revolving credit facility	$	88.0		$	20.0
Promissory note		5.0			10.0

		93.0			30.0
Less current portion		(5.0	)		(5.0	)

	$	88.0		$	25.0

On August 28, 2013, we amended our five-year revolving credit facility (“the facility”). The amendment provides for an increase in the facility available to the Company and certain subsidiaries of the Company from $100 million to $150 million and retains the term of the facility through to December 2016. In addition, the amendment allows the Company to request an additional amount of up to $50 million to be committed by the lenders. As a result $0.7 million of refinancing costs have been capitalized in the quarter and are being amortized over the expected life of the facility in line with the costs capitalized for the original facility in December 2011.