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NOTES PAYABLE AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2012
NOTES PAYABLE AND LONG-TERM DEBT  
Schedule of notes payable and long-term debt

At December 31, 2012 and 2011, notes payable and long-term debt consisted of the following (in millions):

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Term Loans:

 

 

 

 

 

5.79%, payable through 2020

 

$

52.5

 

$

59.5

 

3.66%, payable through 2023

 

77.5

 

—

 

4.16%, payable through 2027

 

55.0

 

—

 

4.31%, payable through 2032

 

37.5

 

—

 

Title XI Bonds:

 

 

 

 

 

5.34%, payable through 2028

 

35.2

 

37.4

 

5.27%, payable through 2029

 

37.4

 

39.6

 

 

 

 

 

 

 

Revolving Credit loans (1.69% for 2012 and 1.29% for 2011)

 

24.0

 

61.0

 

 

 

319.1

 

197.5

 

Less current portion

 

(16.4

)

(17.5

)

Total long-term debt

 

$

302.7

 

$

180.0

 
Schedule of maturities of long-term debt

At December 31, 2012, debt maturities during the next five years and thereafter are as follows (in millions):

 

2013

 

$

16.4

 

2014

 

30.4

 

2015

 

20.5

 

2016

 

20.5

 

2017

 

28.2

 

Thereafter

 

203.1

 

Total

 

$

319.1