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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events

13. Subsequent Events

Recognizable events

No recognizable events occurred during the period.

Non-recognizable events

     In July 2012, we entered into an additional $150.0 million of forward-starting interest rate swap agreements to hedge against the variability of future interest payments on debt that we anticipate issuing between December 1, 2013 and December 1, 2014 to refinance our 6.45% notes due June 1, 2014. Including the $100.0 million of interest rate swap agreements entered into in June 2012 (see Note 7—Derivative Financial Instruments), we have fully hedged the $250.0 million of notes we expect to issue. Under the terms of these agreements, we will pay a weighted-average fixed interest rate of 2.6% and receive LIBOR. The hedges have a 30-year maturity, which matches the expected maturity of the anticipated debt issuance. We account for these agreements as cash flow hedges.

     In July 2012, we received a payment of $2.4 million on the amount owed to us by MF Global (see Note 8—Commitments and Contingencies), resulting in a remaining balance owed to us of $5.8 million.

     In July 2012, our general partner's board of directors declared a quarterly distribution of $0.9425 per unit to be paid on August 14, 2012 to unitholders of record at the close of business on August 7, 2012. The total cash distributions to be paid are $106.6 million.