Long-Term Debt

6 Months Ended

Jun. 30, 2012

Long-Term Debt

Long-Term Debt

H.        Long-Term Debt

		June 30,		December 31,
		2012		2011
	(Thousands)
7.76% notes, due 2012 thru 2016		$	43,483	$	53,742
5.15% notes, due November 15, 2012		200,000		200,000
5.00% notes, due October 1, 2015		150,000		150,000
5.15% notes, due March 1, 2018		200,000		200,000
6.50% notes, due April 1, 2018		500,000		500,000
8.13% notes, due June 1, 2019		700,000		700,000
4.88% notes, due November 15, 2021		750,000		750,000
7.75% debentures, due July 15, 2026		115,000		115,000
Medium-term notes:
8.7% to 9.0% Series A, due 2014 thru 2021		40,200		40,200
7.3% to 7.6% Series B, due 2013 thru 2023		30,000		30,000
7.6% Series C, due 2018		8,000		8,000
		2,736,683		2,746,942
Less debt payable within one year		229,944		219,315
Total long-term debt		$	2,506,739	$	2,527,627

During the second quarter of 2011, the Company assumed 7.76% Guaranteed Senior Notes due August 31, 2011 through February 28, 2016 in the aggregate principal of $57.1 million in a non-cash transaction. See Note I.

The indentures and other agreements governing the Company’s indebtedness contain certain restrictive financial and operating covenants including covenants that restrict the Company’s ability to incur indebtedness, incur liens, enter into sale and leaseback transactions, complete acquisitions, merge, sell assets and perform certain other corporate actions.  The covenants do not contain a rating trigger.  Therefore, a change in the Company’s debt rating would not trigger a default under the indentures and other agreements governing the Company’s long-term indebtedness.

Aggregate maturities of long-term debt are $209.8 million in 2012, $23.2 million in 2013, $11.2 million in 2014, $166.0 million in 2015 and $3.0 million in 2016.