80 7.125% Senior Notes and Senior Floating Rate Notes The Company used part of the proceeds of the 5.75% Senior Notes to redeem the $ 200.0 million of 7.125% Senior Fixed Rate Notes (“7.125% Senior Notes”) that were to mature in April 2017 .  On October 12, 2012 , the Company completed the call on the 7.125% Senior Notes and repaid the principal, a redemption premium and interest totaling $207.6 million .  The Company expensed $ 2.2 million in unamortized fees and expenses related to the repayment. The Company’ s $ 325.0  million in aggregate principal amount of senior unsecured notes comprised of $ 125.0  million of Senior Floating Rate Notes due 2015 (the “Senior Floating Rate Notes”) and $ 200.0 million of 7.125% Senior Notes due 2017 , of which $ 200.0 million was repaid on October 12, 2012, (together , the “Notes”) were of fered and sold in private transactions in accordance with Rule 144A and Regulation S under the Securities Act on March 21, 2007 . An exchange of fer commenced on June 1 1, 2007 and was completed on July 26, 2007 to replace the unregistered Notes with registered Notes with like terms pursuant to an ef fective Registration Statement on Form S-4.   7.125% Senior Notes Senior Floating Rate Notes (in millions) Dec 31, 2012   Dec 31, 2011 Dec 31, 2012   Dec 31, 2011 Face value $ —   $ 200.0 $ 125.0   $ 125.0 Fair value (Level 1) —   198.5 122.7   117.5 Interest rate —   7.125 % 2.7 %   3.0 % Interest payment Semi-annually: Apr 1 & Oct 1 3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1 Maturity date Apr 2017 Apr 2015 Guarantee Jointly and severally guaranteed by the Company’ s wholly-owned U.S. subsidiaries as well as the Company's wholly-owned Canadian subsidiaries through the earlier of repayment or December 21, 2012. Call Option (1) Beginning Date   Percentage Beginning Date   Percentage   April 1, 2012 — 103.563 % April 1, 2009 — 102.0 %   April 1, 2013 — 102.375 % April 1, 2010 — 101.0 %   April 1, 2014 — 101.188 % April 1, 2011 — 100.0 %   April 1, 2015 — 100.000 %       (1) The Company may , at its option, redeem the Notes on or after the following dates and percentages (plus interest due) The Notes’ indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) pay dividends on, redeem or repurchase the Company’ s capital stock; (ii) incur additional indebtedness; (iii) make investments; (iv) create liens; (v) sell assets; (vi) engage in certain transactions with af filiates; (vii) create or designate unrestricted subsidiaries; and (viii) consolidate, mer ge or transfer all or substantially all assets. However , these covenants are subject to important exceptions and qualifications, one of which will permit the Company to declare and pay dividends or distributions on the Series  A preferred stock so long as there is no default on the Notes and the Company meets certain financial conditions. Proceeds from the Notes of $ 325.0  million, less approximately $ 7.9  million of cash payments for fees and expenses that are being amortized over the life of the Notes, were used to pay approximately $ 285.0  million for the 9.5% Senior Notes, $ 9.3  million for accrued interest on the 9.5 % Senior Notes and $ 20.5  million for tender fees and the inducement premium on the 9.5 % Senior Notes, leaving net cash proceeds of approximately $ 2.3  million which were used for general corporate purposes. Asset-Based Revolving Cr edit Facility (“Revolving Cr edit Facility”) On July 21, 201 1 , the Company entered into a $ 400 million Revolving Credit Facility , which was subsequently amended to, among other things, increase the Revolving Credit Facility to $ 700 million , $ 630 million of which may be borrowed by the U.S. borrower under the Revolving Credit Facility and $ 70 million of which may be borrowed by the Canadian borrower under the Revolving Credit Facility . The Revolving Credit Facility replaced the Company's prior $ 400 million Senior Secured Revolving Credit Facility (“T erminated Credit Facility”), which was set to mature in July 2012 . The Revolving Credit Facility contains restrictions in areas consistent with the T erminated Credit Facility , including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and af filiate transactions. In the aggregate, however , the restrictions in the Revolving Credit Facility provide the Company greater flexibility than those under the T erminated Credit Facility , and generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds. T able of Contents