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This excerpt taken from the AN 10-K filed Feb 17, 2010. Gain on Senior Note Repurchases During 2009, we repurchased $48.4 million aggregate principal amount of our floating rate senior unsecured notes due April 15, 2013, and $40.0 million aggregate principal amount of our 7% senior unsecured notes due April 15, 2014. We recorded a gain of $13.0 million in connection with these repurchases, net of the write-off of related unamortized debt issuance costs, which is recorded in Gain on Senior Note Repurchases in the accompanying Consolidated Statements of Operations. During 2008, we repurchased $105.5 million aggregate principal amount of our floating rate senior unsecured notes due April 15, 2013, and $127.4 million aggregate principal amount of our 7% senior unsecured notes due April 15, 2014. We recorded a gain of $51.3 million in connection with these repurchases, net of the write-off of related unamortized debt issuance costs, which is recorded in Gain on Senior Note Repurchases in the accompanying Consolidated Statements of Operations. These excerpts taken from the AN 10-K filed Feb 17, 2009. Gain
on Senior Note Repurchases
During 2008, we repurchased $105.5 million aggregate
principal amount of our floating rate senior unsecured notes due
April 15, 2013, and $127.4 million aggregate principal
amount of our 7% senior unsecured notes due April 15,
2014. We recorded a gain of $51.3 million in connection
with these repurchases, net of the write-off of related
unamortized debt issuance costs, which is recorded in Gain on
Senior Note Repurchases in the accompanying Consolidated Income
Statements.
We also committed to repurchase an additional $11.1 million
aggregate principal amount of our 7% senior unsecured notes
for which settlement occurred subsequent to December 31,
2008. We have reclassified these amounts from long-term to
current debt as of December 31, 2008. We will record a gain
in the first quarter of 2009 of $3.0 million on the
repurchase of these notes, net of the write-off of related
unamortized debt issuance costs.
Gain on Senior Note Repurchases During 2008, we repurchased $105.5 million aggregate principal amount of our floating rate senior unsecured notes due April 15, 2013, and $127.4 million aggregate principal amount of our 7% senior unsecured notes due April 15, 2014. We recorded a gain of $51.3 million in connection with these repurchases, net of the write-off of related unamortized debt issuance costs, which is recorded in Gain on Senior Note Repurchases in the accompanying Consolidated Income Statements. We also committed to repurchase an additional $11.1 million aggregate principal amount of our 7% senior unsecured notes for which settlement occurred subsequent to December 31, 2008. We have reclassified these amounts from long-term to current debt as of December 31, 2008. We will record a gain in the first quarter of 2009 of $3.0 million on the repurchase of these notes, net of the write-off of related unamortized debt issuance costs. | EXCERPTS ON THIS PAGE:
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