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This excerpt taken from the WSH 10-Q filed May 8, 2009. Interest expense
Interest expense in first quarter 2009 of $38 million was $22 million higher than in first quarter 2008 with the increase primarily reflecting interest on debt raised to finance the acquisition of HRH. We expect our quarterly interest expense for the remainder of 2009 to be higher than in the first quarter reflecting the higher coupon payable on the term debt raised in March 2009 to finance part of the interim credit facility. These excerpts taken from the WSH 10-K filed Feb 27, 2009. Interest expense
Interest expense in 2008 of $105 million was $39 million higher than in 2007 with the increase reflecting:
Interest expense was $66 million in 2007 compared with $38 million in 2006, with the increase due to higher average levels of debt at higher interest rates following the issuance of $600 million of senior notes in March 2007. Interest expense will increase in 2009 as a result of higher average levels of debt due to the HRH acquisition and higher rates of interest on the anticipated Goldman Sachs financing. 41 Interest expense
Interest
Interest 41 This excerpt taken from the WSH 8-K filed Jul 11, 2008. Interest expense Interest expense in 2007 was $66 million, compared with $38 million in 2006 and $30 million in 2005, with the increases due to higher average levels of debt at higher interest rates following the replacement of the $450 million term loan with the issuance of $600 million of senior notes in July 2005 and the issuance of a further $600 million of senior notes in March 2007. 9 These excerpts taken from the WSH 10-K filed Feb 27, 2008. Interest expense
Interest expense in 2007 was $66 million, compared with $38 million in 2006 and $30 million in 2005, with the increases due to higher average levels of debt at higher interest rates following the replacement of the $450 million term loan with the issuance of $600 million of senior notes in July 2005 and the issuance of a further $600 million of senior notes in March 2007. 37 Interest expense
Interest $450 million 37 This excerpt taken from the WSH 10-Q filed May 10, 2007. Interest expense at $12 million in first quarter 2007 was $3 million, or 33 percent, higher than in 2006 reflecting the increased borrowings on our revolving credit facility. The revolving credit facility was repaid following the $600 million long-term debt issue at the end of first quarter 2007. The net increase in debt is expected to increase the quarterly run rate for interest to approximately $18 million for the rest of 2007. 35 This excerpt taken from the WSH 10-K filed Feb 28, 2007. Interest expense in 2006 was $38 million, compared with $30 million in 2005 and $22 million in 2004, with the increases mainly due to higher average levels of debt at higher interest rates following the replacement of the $450 million term loan with $600 million of senior notes in July 2005, as part of our long term capital structure planning, and the $200 million drawdown on the revolving credit facility in the latter part of 2006. 36 This excerpt taken from the WSH 10-K filed Mar 8, 2005. Interest expense Interest expense in 2004 was $22 million, significantly lower than in 2003, $53 million, and 2002, $65 million. This decrease reflects the benefit of lower average levels of debt, together with lower interest rates on our new credit facilities. | EXCERPTS ON THIS PAGE:
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