DEFERRED FINANCING COSTS

3 Months Ended

Mar. 31, 2012

DEFERRED FINANCING COSTS

5. DEFERRED FINANCING COSTS

In accordance with ASC Topic 852, the unamortized deferred loan fee balance with respect to the Predecessor Credit Facility as of July 12, 2010, the date on which the Company filed petitions for relief under the provisions of Chapter 11 of the United States Bankruptcy Code (the “Petition Date”) was written-off to expense. The unamortized deferred loan fee balance as of the Petition Date was $853,000.