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Debt and Credit Agreements | 3 Months Ended
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Mar. 31, 2014
Debt and Credit Agreements |
Debt and Credit Agreements | 4. Debt and Credit Agreements The Company’s debt and credit agreements consisted of the following:
|  | March 31, |  | December 31, |
(In thousands) |  | 2014 |  | 2013 |
Long-Term Debt |  |  |  |  |
7.33% weighted-average fixed rate notes |  | $ | 20,000 |  | $ | 20,000 |
6.51% weighted-average fixed rate notes |  | 425,000 |  | 425,000 |
9.78% notes |  | 67,000 |  | 67,000 |
5.58% weighted-average fixed rate notes |  | 175,000 |  | 175,000 |
Credit facility |  | 535,000 |  | 460,000 |
|  | $ | 1,222,000 |  | $ | 1,147,000 |
At March 31, 2014, the Company had $535.0 million of borrowings outstanding under its revolving credit facility at a weighted-average interest rate of 2.2% and $864.0 million available for future borrowings. The Company was in compliance with all restrictive financial covenants for both the revolving credit facility and fixed rate notes as of March 31, 2014. Effective April 15, 2014, the lenders under the Company’s revolving credit facility approved an increase in the Company’s borrowing base from $2.3 billion to $3.1 billion as part of the annual redetermination under the terms of the revolving credit facility. The commitments under the revolving credit facility remain unchanged at $1.4 billion.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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