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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events  
Subsequent Events

20.   Subsequent Events

        In July 2012, the Company received an additional $75.0 million commitment under its revolver, increasing the facility to $825.0 million.

        On July 31, 2012, the Company announced and closed an additional investment in BlueMountain Capital Management LLC ("BlueMountain"), a leading global credit alternatives manager. Founded in 2003, BlueMountain manages more than $7.0 billion in assets across a diverse set of strategies in the credit markets. With offices in New York and London, BlueMountain is a leader in fundamental long/short, structured credit, arbitrage and equity derivatives.

        In August 2012, the Company sold $200.0 million aggregate principal amount of 6.375% Senior Notes due 2042 (the "2042 Senior Notes") pursuant to an underwriting agreement with three major financial institutions. The unsecured 2042 Senior Notes pay interest quarterly and may be redeemed for cash, in whole or in part, at any time, on or after August 15, 2017. The 2042 Senior Notes' Indenture includes customary provisions regarding events of default. The Company intends to use substantially all of the net proceeds to repay outstanding indebtedness under its revolver.

        In addition, in August 2012, the Board of Directors of the Company approved an amendment and restatement of the Company's forward equity sale agreement with two major securities firms, pursuant to which the Company may now sell shares of common stock with an aggregate sales price of up to $400.0 million. As of August 7, 2012, no forward equity sales have occurred.