XTEX » Topics » Indebtedness

This excerpt taken from the XTEX 10-Q filed May 8, 2009.
Indebtedness
 
As of March 31, 2009 and December 31, 2008, long-term debt consisted of the following (in thousands):
 
                 
    March 31,
    December 31,
 
    2009     2008  
 
Bank credit facility, interest based on Prime and/or LIBOR plus an applicable margin, interest rates (per the facility) at March 31, 2009 and December 31, 2008 were 7.68% and 6.33%, respectively
  $ 857,000     $ 784,000  
Senior secured notes, weighted average interest rate at March 31, 2009 and December 31, 2008 were 10.5% and 8.0% respectively
    477,353       479,706  
                 
      1,334,353       1,263,706  
Less current portion
    (9,412 )     (9,412 )
                 
Debt classified as long-term
  $ 1,324,941     $ 1,254,294  
                 
 
Credit Facility.  As of March 31, 2009, we had a bank credit facility with a borrowing capacity of $1.183 billion that matures in June 2011. As of March 31, 2009, $946.3 million was outstanding under the bank credit facility, including $89.3 million of letters of credit, leaving approximately $237.0 million available for future borrowing. The bank credit facility is guaranteed by certain of our subsidiaries.
 
This excerpt taken from the XTEX 10-Q filed Nov 10, 2008.
Indebtedness
 
As of September 30, 2008 and December 31, 2007, long-term debt consisted of the following (in thousands):
 
                 
    September 30,
    December 31,
 
    2008     2007  
 
Bank credit facility, interest based on Prime and/or LIBOR plus an applicable margin, interest rates (per the facility) at September 30, 2008 and December 31, 2007 were 5.73% and 6.71%, respectively
  $ 852,810     $ 734,000  
Senior secured notes, weighted average interest rate at September 30, 2008 and December 31, 2007 was 6.75%
    482,059       489,118  
                 
      1,334,869       1,223,118  
Less current portion
    (9,412 )     (9,412 )
                 
Debt classified as long-term
  $ 1,325,457     $ 1,213,706  
                 
 
Credit Facility.  As of September 30, 2008, we had a bank credit facility with a borrowing capacity of $1.185 billion that matures in June 2011. As of September 30, 2008, $983.0 million was outstanding under the bank credit facility, including $130.2 million of letters of credit, leaving approximately $202.0 million available for future borrowing. The bank credit facility is guaranteed by certain of our subsidiaries.
 
We were in compliance with all debt covenants as of September 30, 2008 and expect to be in compliance with debt covenants for the next twelve months. If we do not comply with the covenants and restrictions in our credit facility agreement or instruments governing our other indebtedness, we could be in default under those agreements,


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and the debt incurred under those agreements, together with accrued interest, could then be declared immediately due and payable. If we are unable to repay any borrowings when due, the lenders under our credit facility agreement and our senior secured noteholders could proceed against their collateral, which includes substantially all of the assets we own. If the indebtedness under our credit facility agreement and our other debt instruments is accelerated, we may not have sufficient assets to repay amounts due under our credit facility agreement or our other debt instruments. Our ability to comply with these provisions of our credit facility agreement and other agreements governing our other indebtedness may be affected by the factors discussed in this “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” or other events beyond our control.
 
On November 7, 2008, we entered into the Fifth Amendment and Consent to our bank credit facility and the Waiver and Letter Amendment No. 3 to our Amended and Restated Note Purchase Agreement. For a description of these amendments, please read “Item 5. Other Information” below.
 
This excerpt taken from the XTEX 10-Q filed Aug 8, 2008.
Indebtedness
 
As of June 30, 2008 and December 31, 2007, long-term debt consisted of the following (in thousands):
 
                 
    June 30,
    December 31,
 
    2008     2007  
 
Bank credit facility, interest based on Prime and/or LIBOR plus an applicable margin, interest rates (per the facility) at June 30, 2008 and December 31, 2007 were 5.51% and 6.71%, respectively
  $ 770,000     $ 734,000  
Senior secured notes, weighted average interest rate at June 30, 2008 and December 31, 2007 was 6.75%
    484,412       489,118  
                 
      1,254,412       1,223,118  
Less current portion
    (9,412 )     (9,412 )
                 
Debt classified as long-term
  $ 1,245,000     $ 1,213,706  
                 
 
Credit Facility.  As of June 30, 2008, we had a bank credit facility with a borrowing capacity of $1.185 billion that matures in June 2011. As of June 30, 2008, $939.8 million was outstanding under the bank credit facility, including $169.8 million of letters of credit, leaving approximately $245.2 million available for future borrowing. The bank credit facility is guaranteed by certain of our subsidiaries.
 
This excerpt taken from the XTEX 10-Q filed May 9, 2008.
Indebtedness
 
As of March 31, 2008 and December 31, 2007, long-term debt consisted of the following (dollars in thousands):
 
                 
    March 31,
    December 31,
 
    2008     2007  
 
Bank credit facility, interest based on Prime and/or LIBOR plus an applicable margin, interest rates (per the facility) at March 31, 2008 and December 31, 2007 were 5.62% and 6.71%, respectively
  $ 790,000     $ 734,000  
Senior secured notes, weighted average interest rate at March 31, 2008 and December 31, 2007 was 6.75%
    486,765       489,118  
                 
      1,276,765       1,223,118  
Less current portion
    (9,412 )     (9,412 )
                 
Debt classified as long-term
  $ 1,267,353     $ 1,213,706  
                 
 
Credit Facility.  As of March 31, 2008, we had a bank credit facility with a borrowing capacity of $1.185 billion that matures in June 2011. As of March 31, 2008, $944.5 million was outstanding under the bank credit facility, including $154.5 million of letters of credit, leaving approximately $240.5 million available for future borrowing. The bank credit facility is guaranteed by certain of our subsidiaries.
 
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