Cash America 2012 Annual Report Download - page 153

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
128
In connection with the issuance of the 2009 Convertible Notes, the Company incurred approximately $3.9
million for issuance costs, which primarily consisted of underwriting fees, legal and other professional expenses. The
unamortized balance of these costs as of December 31, 2012 is included in “Other assets” in the Company’s
consolidated balance sheets. These costs are being amortized to interest expense over five years.
As of both December 31, 2012 and 2011, the carrying amount of the equity component recorded as additional
paid-in capital was $9.4 million, net of deferred taxes and equity issuance costs.
Other
On March 30, 2011, in conjunction with the establishment of the Original Credit Agreement, the Company
entered into a separate credit agreement for the issuance of $20.0 million in letters of credit (the “Letter of Credit
Facility”). The Company had standby letters of credit of $17.7 million issued under the Letter of Credit Facility as of
December 31, 2012.
Each of the Company’s credit agreements and senior unsecured notes require the Company to maintain certain
financial ratios. As of December 31, 2012, the Company was in compliance with all covenants or other requirements
set forth in its debt agreements.
As of December 31, 2012, required principal payments under the terms of the long-term debt, including the
Company’s line of credit, for each of the five years after December 31, 2012 are as follows (dollars in thousands):
Year Amount
2013 $ 43,617
2014 22,606
2015 328,674
2016 24,387
2017 17,387
Thereafter 141,659
$ 578,330