Note 8. Deferred Finance Costs

On August 28, 2013, we amended our five-year revolving credit facility (“the facility”). The amendment provides for an increase in the facility available to the Company and certain subsidiaries of the Company from $100 million to $150 million and retains the term of the facility through to December 2016. In addition, the amendment allows the Company to request an additional amount of up to $50 million to be committed by the lenders, of which $30 million was committed in the fourth quarter of 2013. As a result $0.9 million of refinancing costs have been capitalized in 2013 and are being amortized over the expected life of the facility using the effective interest method, in line with the costs capitalized for the original facility in December 2011.


(in millions)	2013			2012
Gross cost	$	2.6		$	1.7
Accumulated amortization		(0.8	)		(0.4	)

	$	1.8		$	1.3

Amortization expense was $0.4 million, $0.4 million and $0.5 million in 2013, 2012 and 2011, respectively. The charge is included in interest expense (see Note 2).