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Financing Activities Effective August 1, 2005, the Company entered into a new asset securitization facility which provides for advances from time to time up to a maximum aggregate principal amount of $875.0 million. The Company used the proceeds of its initial borrowings of $705.0 million under this facility to repay a portion of the outstanding principal amount of the $875.0 million senior secured credit facility that it entered into in connection with the Acquisition. The Company amended and restated the $875.0 million senior secured credit facility, reducing the maximum aggregate commitment amount thereunder to $175.0 million. The Company also used the proceeds from its IPO on October 17, 2005, as well as additional debt financing, to repay the entire outstanding principal balance of $275.0 million and cash interest of $13.0 million owing on its senior unsecured credit agreement.
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