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Long-Term Debt and Other Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2012
Carrying Values of Long-Term Debt and Other Borrowing Arrangements

The carrying values of our long-term debt and other borrowing arrangements were as follows:

 

     December 31,  
     2012     2011  
     (In thousands)  

Senior secured credit facility:

    

Term Loan

   $ 247,714      $ —     

Revolving credit agreement

     198,270        —     
  

 

 

   

 

 

 

Total senior secured credit facility

     445,984        —     

Senior subordinated notes:

    

5.5% Senior subordinated notes due 2022

     700,000        —     

9.25% Senior subordinated notes due 2019

     5,221        200,926   

7.0% Senior subordinated notes due 2017

     —          350,000   
  

 

 

   

 

 

 

Total senior subordinated notes

     705,221        550,926   
  

 

 

   

 

 

 

Total debt and other borrowing arrangements

     1,151,205        550,926   

Less current maturities of Term Loan

     (15,678     —     
  

 

 

   

 

 

 

Long-term debt

   $ 1,135,527      $ 550,926   
  

 

 

   

 

 

 
Schedule of Senior Subordinated Notes

The senior subordinated notes due 2019 and 2022 are redeemable after June 15, 2014 and September 1, 2017, respectively, at the following redemption prices as a percentage of the face amount of the notes:

 

Senior Subordinated Notes due 2019

      

Senior Subordinated Notes due 2022

Year

  

Percentage

      

Year

  

Percentage

2014

   104.625%     

2017

   102.750%

2015

   103.083%     

2018

   101.833%

2016

   101.542%     

2019

   100.917%

2017 and thereafter

   100.000%     

2020 and thereafter

   100.000%
Maturities on Outstanding Long-Term Debt and Other Borrowings

Maturities on outstanding long-term debt and other borrowings during each of the five years subsequent to December 31, 2012 are as follows (in thousands):

 

2013

   $ 15,678   

2014

     25,085   

2015

     28,221   

2016

     235,897   

2017

     141,103   

Thereafter

     705,221   
  

 

 

 
   $ 1,151,205