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Senior Notes | 3 Months Ended
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Mar. 31, 2015
Debt Disclosure [Abstract] |
Senior Notes |
7. | Senior Notes
In January 2015, the Company issued $500.0 million aggregate principal amount of 3.625% senior unsecured notes due February 2025. Net proceeds from the issuance were used to repay $350.0 million of debt under the Company’s unsecured term loan, $100.0 million of debt under the Company’s secured term loan and amounts outstanding under the Revolving Credit Facilities. Total fees, excluding underwriting discounts, incurred by the Company for the issuance of senior notes were $1.1 million. As a result of the repayments on term loans, the Company incurred debt extinguishment costs of $3.3 million, which are reflected in other expense in the Company’s consolidated statement of operations for the three-month period ended March 31, 2015.

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