8. Long-term Debt

Long-term debt consists of the following at June 30, 2011 and December 31, 2010:


	2011			2010
Senior Credit Facility	$	680,477		$	808,875
7 7/8% Senior Subordinated Notes due 2018		400,000			400,000
6 5/8% Senior Subordinated Notes due 2015		400,000			400,000
6 5/8% Senior Subordinated Notes — Series B due 2015		207,543			206,689
6 5/8% Senior Subordinated Notes — Series C due 2015		266,523			265,672
9 3/4% Senior Notes due 2014		328,106			324,866
Other notes with various rates and terms		3,072			3,038

		2,285,721			2,409,140
Less current maturities		(713	)		(5,694	)

Long-term debt, excluding current maturities	$	2,285,008		$	2,403,446

For the six months ended June 30, 2011 the Company reduced the outstanding balance of its senior credit facility by $128,398, which included optional prepayments of approximately $110,000. The remaining quarterly amortization of the term facilities included in Lamar Media’s senior credit facility (the “Term facilities”) as of June 30, 2011 is set forth below and reflects adjustments resulting from the Company’s optional prepayments.


	Term A-1		Term A-2		Term B
September 30, 2012 — March 31, 2014	$	6,750	$	750	$	1,030.6
June 30, 2014 — March 31, 2015	$	13,500	$	1,500	$	1,030.6
June 30, 2015 — September 30, 2015	$	37,125	$	4,125	$	1,030.6
December 31, 2015	$	74,250	$	8,250	$	1,030.6
March 31, 2016 — September 30, 2016	$	—	$	—	$	1,030.6
December 31, 2016	$	—	$	—	$	385,456.2

In addition to the amortizations of our Term facilities, Lamar Media may be required to make certain mandatory prepayments on loans outstanding under its senior credit facility that would be applied first to any outstanding term loans. These payments, if any, will be calculated based on a percentage of Consolidated Excess Cash Flow (as defined in the senior credit facility) at the end of each fiscal year.

As of June 30, 2011, there was $0 outstanding under the revolving facility. The revolving facility terminates April 28, 2015. Availability under the revolving facility is reduced by the amount of any letters of credit outstanding. The company had $9,561 letters of credit outstanding as of June 30, 2011 resulting in $240,439 of availability under its revolving facility. Revolving credit loans may be requested under the revolving credit facility at any time prior to maturity. The loans bear interest, at the Company’s option, at the LIBOR Rate or JPMorgan Chase Prime Rate plus applicable margins, such margins being set from time to time based on the Company’s ratio of debt to trailing twelve month EBITDA, as defined in the agreement.