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Debt and Credit Agreements (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Debt and credit agreement components
The Company’s debt and credit agreements consisted of the following:
(In thousands)
 
September 30,
2014
 
December 31,
2013
Long-Term Debt
 
 

 
 

7.33% weighted-average fixed rate notes
 
$
20,000

 
$
20,000

6.51% weighted-average fixed rate notes
 
425,000

 
425,000

9.78% notes
 
67,000

 
67,000

5.58% weighted-average fixed rate notes
 
175,000

 
175,000

3.65% weighted-average fixed rate notes
 
925,000

 

Revolving credit facility
 

 
460,000

 
 
$
1,612,000

 
$
1,147,000

Bullet maturities of senior debt
The notes have bullet maturities and were issued in three separate tranches as follows:
 
 
Principal
 
Term
 
Maturity Date
 
Coupon
Tranche 1
 
$100,000,000
 
7 years
 
September 2021
 
3.24
%
Tranche 2
 
$575,000,000
 
10 years
 
September 2024
 
3.67
%
Tranche 3
 
$250,000,000
 
12 years
 
September 2026
 
3.77
%