Subsequent Event

1 Months Ended

Oct. 25, 2012

Subsequent Events [Abstract]

Subsequent Events

Subsequent Event

In October 2012, the Company amended and restated its existing Credit Agreement (the "Amended and Restated Credit Agreement" or "ARCA"), pursuant to which the Company was able to reduce interest rates, extend maturities and increase its available liquidity. Below is a summary of the key terms under the ARCA:

Instrument	Amount ($ in millions)		Maturity Date	Interest Rate
Senior Secured Revolving Credit facility	$	250.0	10/11/2017	LIBOR plus 2.00%
Senior Secured Term Loan A facility	$	200.0	10/11/2017	LIBOR plus 2.00%
Senior Secured Term Loan B facility	$	200.0	10/11/2019	LIBOR plus 2.75% with a 1.00% LIBOR floor

The Company used the proceeds from borrowings under the ARCA to repay outstanding amounts under the existing Credit Agreement and to complete a tender offer for its Senior Notes, pursuant to which $176.5 million aggregate principal amount were repurchased, representing 88.3% of the aggregate principal amount outstanding.

The Company incurred approximately $40 million in cash costs during the fourth quarter to complete the above debt restructuring, primarily related to the tender offer premium in connection with the repurchase of the Senior Notes.