LONG-TERM DEBT

A summary of long-term debt is as follows (in thousands):



	December 31, 2012		September 30, 2012
Senior Notes, bearing fixed interest at 6.5% per annum	$	450,000	$	450,000
Credit Facility, bearing interest at approximately 3.0%⁽¹⁾ per annum at December 31, 2012 and 3.2%⁽¹⁾ per annum at September 30, 2012	620,000		380,000
(1) After the impact of our interest rate swaps.	$	1,070,000	$	830,000

Revolving Credit Facility

As of December 31, 2012, we had $620 million of outstanding borrowings under our five-year $750 million senior secured revolving credit facility. The credit facility was entered into in May 2011 and matures in May 2016. Our wholly-owned subsidiary, Atwood Offshore Worldwide Limited (“AOWL”), is the borrower under the credit facility, and we and certain of our other subsidiaries are guarantors under the facility. Borrowings under the credit facility bear interest at the Eurodollar rate plus a margin of 2.5%. Certain borrowings effectively bear interest at a fixed rate due to our interest rate swaps (See Note 6).

We were in compliance with all financial covenants under the credit facility at December 31, 2012.