Senior Notes

9 Months Ended

Sep. 30, 2011

Revolving Credit Facilities and Term Loan/Senior Notes [Abstract]

SENIOR NOTES

7. SENIOR NOTES

In March 2011, the Company issued $300 million aggregate principal amount of 4.75% senior unsecured notes, due April 2018. The notes were offered to investors at a discount to par of 99.315%, resulting in an effective interest rate of 4.86%.