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DEBT (Tables)
12 Months Ended
Dec. 31, 2012
Schedule Of Debt Outstanding

Debt consists of the following (in thousands):

 

    December 31,  
    2012     2011  

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

  $ 655,000      $ 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%. These notes were redeemed in 2012, as further described hereafter.

    —          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 $8.5 million and $10.0 million was unamortized at December 31, 2012 and 2011, respectively.

    456,545        455,014   
 

 

 

   

 

 

 
  $ 1,111,545      $ 1,245,014   
 

 

 

   

 

 

 
Schedule Of Principal Payments

Scheduled principal payments as of December 31, 2012 for the next five years and thereafter were as follows (in thousands):

 

2013

   $ —     

2014

     —     

2015

     —     

2016

     655,000   

2017

     465,000   

Thereafter

     —     
  

 

 

 

Total principal payments

     1,120,000   

Unamortized bond discount

     (8,455
  

 

 

 

Total debt

   $ 1,111,545