Unsecured Lines of Credit Payable

3 Months Ended

Mar. 31, 2012

UNSECURED LINES OF CREDIT PAYABLE

As of March 31, 2012, we maintained a $75.0 million unsecured line of credit (“Credit Facility No. 1”) maturing in June 2012 and a $400.0 million unsecured line of credit (“Credit Facility No. 2”) maturing in July 2014.

The amounts of these lines of credit unused and available at March 31, 2012 are as follows (in millions):



	Credit Facility No. 1			Credit Facility No. 2
Committed capacity	$	75.0		$	400.0
Borrowings outstanding	(74.0		)	(35.0		)
Letters of credit issued	(0.8		)	—
Unused and available	$	0.2		$	365.0

We executed borrowings and repayments on the unsecured lines of credit during the 2012 Quarter as follows (in millions):



	Credit Facility No. 1		Credit Facility No. 2
Balance at December 31, 2011	$	74.0	$	25.0
Borrowings	—		20.0
Repayments	—		(10.0		)
Balance at March 31, 2012	$	74.0	$	35.0

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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