Debt (Tables)

12 Months Ended

Dec. 31, 2012

Our total debt at December 31, 2012 and 2011 was comprised of the following (in thousands):



Debt, including current maturities:	December 31, 2012		December 31, 2011
Revolving Credit Facility	$	—	$	50,000
5.875% Senior Notes due 2020	350,000		—
Capital lease obligations	4,032		—
Total Debt	354,032		50,000
Less: Current maturities	110		—
Debt, less current maturities	$	353,922	$	50,000

Schedule of Line of Credit Facilities

Our Revolving Credit Facility, as of December 31, 2012, was subject to the following expenses and fees:



Credit Facility	30 day Eurodollar (LIBOR) Rate	Eurodollar Margin	Base Rate	Base Rate Margin	Commitment Fee (unused portion)
TLLP Revolving Credit Facility (a)	0.21%	3.25%	3.25%	2.25%	0.50%

____________

(a) We have the option to elect if the borrowings will bear interest at either a base rate plus the base rate margin, or a Eurodollar rate, for the applicable period, plus the Eurodollar margin at the time of the borrowing. The applicable margin varies based upon a certain leverage ratio, as defined by the Revolving Credit Facility. We also incur commitment fees for the unused portion of the Revolving Credit Facility at an annual rate. Letters of credit outstanding under the Revolving Credit Facility incur fees at the Eurodollar margin rate.

Schedule of Future Minimum Lease Payments for Capital Leases

Future minimum annual lease payments, including interest, as of December 31, 2012 for the capital lease were (in thousands):



2013	$	394
2014	394
2015	394
2016	394
2017	397
Thereafter	4,516
Total minimum lease payments	6,489
Less amount representing interest	2,457
Capital lease obligations	$	4,032