The following table provides information regarding the Company’s total outstanding borrowings:



	Amount		Contractual		Amount
	Outstanding		Annualized		Outstanding
	September 30,		Interest Rate		December 31,
	2013		September 30,		2012
Description:	(In thousands)		2013		(In thousands)
Term loans (1)	$	146,250	1.62	%	$	150,000
Revolver loans (1), (2)	53,750		1.62	%	50,000
Other (3)	5,000		3.00	%	5,000
Total	$	205,000			$	205,000

(1)

Both the term and revolver loan rates consisted of a floating Eurodollar base rate of 0.24% plus a margin of 1.38%. However, the Company has an interest rate swap contract which converts the floating Eurodollar base rate to a 2.26% fixed base rate on the first $200.0 million of Company borrowings (see below). As a result, the Company’s effective annual interest rate on the $200.0 million of outstanding term and revolver debt as of September 30, 2013, including the swap and margin, was 3.64%.


(2)	The Company had approximately $543.0 million of available borrowing capacity on the revolver (not including the expansion feature) as of September 30, 2013.

(3)

The Company borrowed $5.0 million through a State of Connecticut economic development program in December 2012. The loan has a 10 year maturity and bears a 3.0% fixed rate of interest. Principal payments are deferred for the first five years and the loan may be repaid at any point by the Company without penalty. The loan has a principal forgiveness provision in which up to $2.5 million of the loan may be forgiven if the Company meets certain employment targets in Connecticut during the first five years of the loan.