78 The note hedges and warrants are separate and legally distinct instruments that bind the Company and the counterparties and have no binding ef fect on the holders of the 0.875 % Convertible Notes. In addition, the note hedges and warrants were recorded as a char ge and an increase, respectively , in additional paid-in capital in total equity as separate equity transactions. The 0.875 % Convertible Notes contain restrictions including limitations on dividends. Proceeds from the of fering were used to pay down $ 87.8  million outstanding, including accrued interest, under the Company’ s T erminated Credit Facility , to pay $ 124.5  million for the cost of the note hedges, and to pay transaction costs of approximately $ 9.4  million directly related to the issuance that have been allocated to the liability and equity components in proportion to the allocation of proceeds. Additionally , the Company received $ 80.4  million in proceeds from the issuance of the warrants. At the conclusion of these transactions, the net ef fect of the receipt of the funds from the 0.875 % Convertible Notes and the payments and proceeds mentioned above was an increase in cash of approximately $ 213.7  million, which was used by the Company for general corporate purposes including acquisitions. T able of Contents