Loans Payable (Tables)

12 Months Ended

Dec. 31, 2012

Outstanding Principal Amounts of Term Loan Payable

Outstanding principal amounts under the term loan are payable quarterly beginning in September 2014 as follows (Dollars in millions):

2014	$	75.0
2015		175.0
2016		250.0
	$	500.0

Outstanding Borrowing which Includes Preferred Shares

As of December 31, 2012 and 2011, the following borrowings were outstanding, which includes preferred shares classified as liabilities (Dollars in millions):

	As of December 31, 2012
	Borrowing Outstanding		Fair Value		Weighted Average Interest Rate			Weighted  Average Remaining Maturity in Years
Senior secured notes	$	13,662.3	$	12,658.4		1.30	%		8.80
Subordinated notes, Income notes and Preferred shares		914.8		996.9		N/A	(a)		8.22
Combination notes		0.7		1.4		N/A	(b)		8.81
Total	$	14,577.8	$	13,656.7

	As of December 31, 2011
	Borrowing Outstanding		Fair Value		Weighted Average Interest Rate			Weighted Average Remaining Maturity in Years
Senior secured notes	$	10,291.2	$	9,010.7		1.44	%		8.85
Subordinated notes, Income notes and Preferred shares		417.3		670.7		N/A	(a)		8.54
Combination notes		9.9		8.5		N/A	(b)		9.92
Total	$	10,718.4	$	9,689.9

(a) The subordinated notes, income notes and preferred shares do not have contractual interest rates, but instead receive distributions from the excess cash flows of the CLOs.

(b) The combination notes do not have contractual interest rates and have recourse only to OATS specifically held to collateralize such combination notes.