Note 11 – Notes Payable

Notes payable are summarized as follows (dollars in thousands):



Name of Note Payable or Security	March 31, 2013	December 31, 2012	Maturity Date		March 31, 2013		December 31, 2012
Trust Preferred Securities	4.30%	4.31%	April 30, 2027	$	27,913	$	27,913
Australian NAB Corporate Term Loan	5.70%	5.82%	June 30, 2014		75,465		75,349
Australian NAB Corporate Revolver	5.70%	5.82%	June 30, 2014		--		--
Australian Shopping Center Loans	-	-	2013-2014		208		208
New Zealand Corporate Credit Facility	4.70%	4.70%	March 31, 2015		23,408		23,148
US Bank of America Revolver	3.31%	3.26%	October 31, 2017		35,000		30,000
US Bank of America Line of Credit	3.20%	3.21%	October 31, 2017		2,007		2,007
US Cinema 1, 2, 3 Term Loan	5.21%	5.24%	June 28, 2014		15,000		15,000
US Liberty Theaters Term Loan	6.20%	6.20%	April 1, 2013		6,390		6,429
US Nationwide Loan 1	0.00%	8.50%	February 21, 2013		--		593
US Sutton Hill Capital Note – Related Party	8.25%	8.25%	December 31, 2013		9,000		9,000
US Union Square Theatre Term Loan	5.92%	5.92%	May 1, 2015		6,893		6,950
Total				$	201,284	$	196,597

Derivative Instruments

As indicated in Note 17 – Derivative Instruments, for our NAB Australian Corporate Credit Facility (“NAB Loan”) and Bank of America Revolver (“BofA Revolver”), we have entered into interest rate swap agreements for all or part of these facilities. The loan agreement together with the swap results in us paying a total fixed interest rate of 8.15% (5.50% swap contract rate plus a 2.65% margin under the loan) for our NAB Loan and a total fixed interest rate of 4.44% (1.44% swap contract rate plus a 3.00% margin under the loan) for our BofA Revolver instead of the above indicated 5.70% and 3.31%, respectively, which are the obligatorily disclosed loan rates.

Notes Payable Refinancing

US Cinema 1, 2, 3 Term Loan

On March 20, 2013, pursuant to the loan agreement, we extended the term of our US Cinema 1, 2, 3 Term Loan by one year to June 28, 2014 for a renewal fee of $150,000.

US Bank of America Revolver

On March 25, 2013, Bank of America extended the borrowing limit on our BofA Revolver from $30.0 million to $35.0 million and we borrowed $5.0 million on this revolver. On April 1, 2013, we used $2.3 million of the revolver proceeds to partially repay our US Liberty Theaters Term Loan. See Note 18 – Subsequent Events.