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DEBT (Tables)
9 Months Ended
Sep. 30, 2012
Schedule Of Debt Outstanding

Debt outstanding as of September 30, 2012 and December 31, 2011 consists of the following (in thousands):

 

     September 30,
2012
     December 31,
2011
 

Revolving Credit Facility, principal due at maturity in December 2016; interest payable periodically at variable interest rates. The weighted average rate at September 30, 2012 and December 31, 2011 was 1.7% and 1.0%, respectively.

   $ 635,000       $ 265,000   

6.25% Senior Notes, principal due at maturity in March 2013; interest payable semi-annually in March and September at 6.25%. These notes were redeemed in 2012, as further described hereafter.

     —           375,000   

6.75% Senior Notes, principal due at maturity in January 2014; interest payable semi-annually in January and July at 6.75%. During June 2012 and August 2012, $60.0 million and $50.0 million, respectively, of these notes were redeemed, as further described hereafter.

     40,000         150,000   

7.75% Senior Notes, principal due at maturity in June 2017; interest payable semi-annually in June and December at 7.75%. These notes were issued with a $13.4 million discount, of which $8.8 million and $10.0 million was unamortized at September 30, 2012 and December 31, 2011, respectively.

     456,152         455,014   
  

 

 

    

 

 

 
   $ 1,131,152       $ 1,245,014