NOTE 12 –Senior Notes

The following table summarizes our senior notes as of September 30, 2014 and December 31, 2013 (in thousands):



	September 30, 2014		December 31, 2013
6.70% senior notes, due 2022 (1)	$	175,000	$	175,000
5.375% senior notes, due 2022 (2)		150,000		150,000
4.250% senior notes, due 2024 (3)		300,000		-
	$	625,000	$	325,000

⁽¹⁾

In January 2012, we sold in a registered underwritten public offering, $175.0 million in aggregate principal amount of 6.70% senior notes due January 2022. Interest on these senior notes is payable quarterly in arrears. On or after January 15, 2015, we may redeem some or all of the senior notes at any time at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date.

⁽²⁾

In December 2012, we sold in a registered underwritten public offering, $150.0 million in aggregate principal amount of 5.375% senior notes due December 2022. Interest on these senior notes is payable quarterly in arrears. On or after December 31, 2015, we may redeem some or all of the senior notes at any time at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date.

⁽³⁾

In July 2014, we sold in a registered underwritten public offering, $300.0 million in aggregate principal amount of 4.250% senior notes due July 2024. Interest on these senior notes is payable semi-annually in arrears. We may redeem the Notes in whole or in part at our option at a redemption price equal to 100% of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption.

Our senior notes mature as follows, based upon its contractual terms:



2014	$	-
2015		-
2016		-
2017		-
2018		-
Thereafter		625,000
	$	625,000