XML 45 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
3 Months Ended
Mar. 31, 2013
Subsequent Events

Note 16: Subsequent Events

Letter Received from Insurance Carriers—In April 2013, we received a letter from our insurance carriers denying our insurance claims relating to the Pryor Facility discussed in Note 12—Property and Business Interruption Insurance Claims and Recoveries.

Receipt on Insurance Recovery Payments—In April 2013, we received $15 million of the payments approved by our insurance carriers relating to our business interruption claim associated with the Cherokee Facility discussed in Note 12—Property and Business Interruption Insurance Claims and Recoveries.

Restart of the Pryor and Cherokee Facilities—In April 2013 and May 2013, the repairs were completed and production resumed at the Pryor and Cherokee Facilities, respectively.

Amendment to a Long-Term Cost-Plus Supply Agreement—Pursuant to a long-term cost-plus supply agreement, EDC sells to a customer a significant annual volume of industrial grade AN produced at the El Dorado Facility. In April 2013, this agreement was amended to update and correct the specification of AN solution to be manufactured by EDC. The amendment also modified the required notice of termination from two years to one year, with the effective termination date in such notice to be no sooner than April 9, 2015.