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Subsequent Event
6 Months Ended
Jun. 30, 2012
Subsequent Event [Abstract]  
Subsequent Event

Note 10 — Subsequent Event

On July 11, 2012, we issued $125.0 million in aggregate principal amount of senior secured notes with the entire principal amount due on July 15, 2017, which are secured by a first-priority lien on substantially all of our assets. In connection with this transaction, we retired $42.5 million of principal amount of our convertible subordinated notes in exchange for the same principal amount of senior secured notes. As a result of these transactions, we received cash of $82.5 million, less approximately $4.3 million in transaction costs, of which $25.0 million is required to be maintained in a reserve account until July 1, 2015. The senior secured notes bear interest at 12.0% per annum payable in cash semi-annually in arrears on January 15 and July 15 of each year. We intend to use the proceeds from the issuance of the senior secured notes and our existing cash to repay the remaining $172.5 million in principal amount of our convertible subordinated notes in full at maturity on September 28, 2012.