Long-Term Debt

6 Months Ended

Jun. 30, 2011

Long-Term Debt

Long-Term Debt

6. Long-Term Debt

Long-term debt consists of the following:

	June 30, 2011		December 31, 2010
6   5/8% senior notes due 2016	$	249,633	$	249,593
6   1/2% senior notes due 2029		100,000		100,000
6   3/4% senior notes due 2032		250,000		250,000
6   1/2% senior notes due 2035 (the "2035 GO Zone 6  1/2% Notes")		89,000		89,000
6   1/2% senior notes due 2035 (the "2035 IKE Zone 6  1/2% Notes")		65,000		65,000
Variable rate tax-exempt waste disposal revenue bonds due 2027		10,889		10,889
Long-term debt	$	764,522	$	764,482

The Company has a $400,000 senior secured revolving credit facility. As of June 30, 2011, the Company had no borrowings outstanding under the revolving credit facility. Any borrowings under the facility would bear interest at either LIBOR plus a spread ranging from 2.75% to 3.50% or a base rate plus a spread ranging from 1.25% to 2.0%. The revolving credit facility also requires an unused commitment fee ranging from 0.75% to 0.875%, depending on the average daily borrowings. All interest rates under the facility are subject to monthly grid pricing adjustments based on prior month average daily loan availability. The revolving credit facility matures on September 8, 2013. As of June 30, 2011, the Company had outstanding letters of credit totaling $17,662 and borrowing availability of $382,338 under the revolving credit facility.