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Revolving Line of Credit (Tables)
12 Months Ended
Dec. 31, 2012
Debt Issue Costs / Revolving Line of Credit [Abstract]  
Chronology of the total commitment under the revolving credit facility with the associated rate options in effect
                                 

Amendment

Date

  Total
Commitment
under Credit
Facility

(in millions)
   

Rate options (1)

  Minimum
Rate
   

Facility
Expiration

February 2009

  $ 85     Prime plus 1.75%   or   LIBOR plus 3.75%     5.00   August 2010

July 2010

    100     Prime plus 1.25%   or   LIBOR plus 3.25%     None     August 2013

October 2011

    100     Prime plus 0.75%   or   LIBOR plus 2.75%     None     August 2014

December 2012

    150     Base(2)  plus 0.75%   or   LIBOR plus 2.50%     None     December 2016

 

(1) Under the terms of the facility, loans are Prime Rate Loans, unless we elect LIBOR Loans. If a LIBOR Loan is not renewed at maturity it automatically converts to a Prime Rate Loan.
(2) The “base rate” is the highest of the prime rate established by the Agent, or one-month LIBOR plus 1%, or the federal funds effective rate plus 0.5%.