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Debt
6 Months Ended
Jun. 30, 2011
Debt [Abstract]  
DEBT
4. DEBT
Long-term debt consisted of the following (in thousands):
                 
    June 30, 2011     December 31, 2010  
Revolving credit facility due November 2015
  $ 389,500     $ 299,000  
Term loan facility due November 2015
    150,000       150,000  
 
           
Long-term debt
  $ 539,500     $ 449,000  
 
           
On November 3, 2010, we entered into an amendment and restatement of our senior secured credit agreement (as so amended and restated, the “Credit Agreement”) to provide for a new five-year, $550.0 million senior secured credit facility consisting of a $400.0 million revolving credit facility and a $150.0 million term loan facility. In March 2011, the revolving borrowing capacity under this facility was increased by $150.0 million to $550.0 million.
As of June 30, 2011, we had undrawn capacity of $160.5 million under our revolving credit facility.