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Debt (Tables)
12 Months Ended
Dec. 31, 2012
Debt  
Long-term debt

 

 

 

 

As of December 31,

 

 

 

2012

 

2011

 

 

 

(In thousands)

 

6.15% senior notes due February 2018

 

$

968,708

 

$

967,490

 

9.25% senior notes due January 2019

 

1,125,000

 

1,125,000

 

5.00% senior notes due September 2020

 

697,648

 

697,343

 

4.625% senior notes due September 2021

 

697,907

 

697,667

 

5.375% senior notes due August 2012

 

 

274,604

 

Revolving credit facilities

 

890,000

 

860,000

 

Other

 

437

 

1,712

 

 

 

$

4,379,700

 

$

4,623,816

 

Less: current portion

 

364

 

275,326

 

 

 

$

4,379,336

 

$

4,348,490

 

Maturity of primary debt

As of December 31, 2012, the maturities of our primary debt for each of the five years after 2012 and thereafter are as follows:

 

 

 

Paid at Maturity

 

 

 

(In thousands)

 

2013

 

$

 

2014

 

 

2015

 

 

2016

 

 

2017

 

890,000

(1)

Thereafter

 

3,500,000

(2)

 

 

$

4,390,000

 

 

(1)         Represents amounts drawn on our revolving credit facility, which expires November 2017.

(2)         Represents our 6.15% senior notes due February 2018, 9.25% senior notes due January 2019, 5.0% senior notes due September 2020 and 4.625% senior notes due September 2021.

Short-Term Borrowings

We had nine letter-of-credit facilities with various banks as of December 31, 2012. Availability and borrowings under our letter-of-credit facilities are as follows:

 

 

 

(In thousands)

 

Credit available

 

$

358,649

 

Less: Letters of credit outstanding, inclusive of financial and performance guarantees

 

57,303

 

Remaining availability

 

$

301,346