Long-term debt consists of the following (in millions):

In May 2012, we amended and restated our senior secured credit facility and refinanced our term loans into a single term loan.  The new term loan carries an interest rate of 1.75 percent over LIBOR. In connection with the refinancing of our term loans, the Company recorded a $2.8 million charge in the second quarter of 2012 which is included in other expense in its consolidated statements of operations for the nine months ended September 30, 2012, comprised of refinancing fees of $1.8 million and the write-off of existing deferred financing fees of $1.0 million. The new term loan is secured by substantially all existing and future assets of the Company's subsidiaries.