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Long-term Debt
3 Months Ended
Mar. 31, 2013
Long-term Debt and Capital Lease Obligations [Abstract]  
Long-term Debt
Long-term Debt
(in thousands)
 
March 31,
2013
 
December 31,
2012
Senior notes - 4.10% due 2022
 
$
349,422

 
$
349,407

Revolving credit facility
 
76,000

 
75,000

Lines of credit
 
5,193

 
4,382

 
 
430,615

 
428,789

Current maturities of long-term debt
 
(5,193
)
 
(4,382
)
 
 
$
425,422

 
$
424,407



At March 31, 2013, we had outstanding senior notes in the aggregate principal amount of $350 million that bear interest at a fixed rate of 4.10% and are due in 2022 (4.10% senior notes). During March 2013, we registered these 4.10% senior notes under the Securities Act of 1933 and commenced an offer to exchange the previously unregistered 4.10% senior notes that were outstanding at December 31, 2012 for an equal aggregate principal amount.

The following table provides information related to the unused portion of our revolving credit facility in effect at March 31, 2013 and December 31, 2012:
 
(in millions)
 
March 31,
2013
 
December 31,
2012
Maximum borrowing capacity under the revolving credit facility
 
$
650.0

 
$
650.0

Outstanding borrowings under the revolving credit facility
 
76.0

 
75.0

Outstanding letters of credit
 
3.1

 
3.1

Unused portion of revolving credit facility
 
$
570.9

 
$
571.9



For further information on the outstanding letters of credit, see Note 8. The average interest rate for borrowings under our revolving credit facility was 2.16% during the first three months of 2013 and 1.84% during 2012.
We were in compliance with all covenants under our debt agreements at March 31, 2013 and at December 31, 2012.