5. LONG-TERM DEBT

The components of long-term debt as of are as follows:


	September 30,		December 31,
	2013		2012
	(Thousands of dollars)
Senior Notes issued September 23, 2010, interest only payable semi-annually at 8.625%, maturing October 15, 2018	$	300,000	$	300,000
Revolving Credit Facility due September 1, 2015 with a group of commercial banks, interest payable at variable rates		88,265		86,755

Total long-term debt	$	388,265	$	386,755

Revolving Credit Facility – On September 18, 2013, we restated and amended our revolving credit facility to (a) increase our borrowing capacity to $150 million, (b) reduce the interest rate on borrowed funds to LIBOR plus 225 basis points, or prime rate, at our option, (c) remove the prior borrowing base limitation, and (d) extend the maturity date to September 1, 2015.

Other - We maintain a separate letter of credit facility that had $14.7 million in letters of credit outstanding at September 30, 2013 and December 31, 2012.

Cash paid to fund interest expense was $0.8 million for the quarter ended September 30, 2013 and $0.8 million for the quarter ended September 30, 2012. Cash paid to fund interest expense was $15.1 million for the nine months ended September 30, 2013 and $15.1 million for the nine months ended September 30, 2012.