This excerpt taken from the USU 8-K filed Jan 20, 2006.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
USEC Inc. (the "Company") today repaid the remaining $289 million of 6.625% senior notes due January 20, 2006 through the use of cash on hand and by drawing down approximately $78.5 million under its revolving credit facility on January 19, 2006. In August 2005, the Company put in place a $400 million revolving credit facility with JPMorgan Chase Bank, N.A, as administrative and collateral agent, and the other lenders thereunder. Following this draw down, approximately $78.5 million is outstanding on this facility and $25 million has been utilized for letters of credit, leaving approximately $296.5 million available for borrowing as of January 19, 2006. The Company intends to repay the $78.5 million draw down with funds from operations by the end of January. However, the Company may from time to time draw funds under the revolving credit facility for general corporate purposes.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.