NOTE 12 — SUBSEQUENT EVENTS

On April 10, 2012, we completed an offering of $300.0 million aggregate principal amount of 7.00% Senior Notes due 2022 (“2022 Notes”). The 2022 Notes bear interest at 7.00% per annum, payable on April 1 and October 1 of each year, commencing on October 1, 2012.

Concurrent with the offering, through a tender offer, we repurchased an aggregate principal amount of approximately $259.0 million of our 6.25% Senior Notes due 2015 (“2015 Notes”). We also repurchased an aggregate principal amount of approximately $26.1 million of our 7.731% Senior Notes due 2017. We intend to retire the remaining approximate $26.0 million, untendered 2015 Notes through a call for redemption in May 2012, and have provided notice of such call to the holders of the 2015 Notes. The debt redemption transactions will result in approximately $5.5 million of expense in the second quarter of 2012 attributable to the early extinguishment of debt.