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Borrowings
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Borrowings
Borrowings
Credit Agreement
On September 26, 2014, the Company entered into a Credit Agreement (the “Credit Agreement”) that matures on September 26, 2019. The Credit Agreement provides for an unsecured revolving credit facility in an amount of up to $220.0 million, with an option for the Company to request to increase the revolving loan commitments or to enter into tranches of term loans in an aggregate amount of up to $30.0 million, for a total credit facility of up to $250.0 million. The revolving credit facility has sublimits for swingline loans available on a same day basis of up to $10.0 million and for the issuance of standby letters of credit in a face amount up to $20.0 million. No amounts were outstanding under the Credit Agreement as of June 30, 2015, and a total of $220.0 million remained available for borrowing.
On July 1, 2015, the Company terminated the Credit Agreement with each of the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A., as syndication agent, and all agreements related thereto. There were no outstanding borrowings under the Credit Agreement at the time of its termination and the Company did not incur any early termination penalty in connection with the termination. The Company terminated the Credit Agreement in anticipation of the pending Merger.