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ValleyCrest Holding Co. and Subsidiaries Notes to Consolidated Financial Statements (continued) 8. Long -Term Debt (continued) In March 2007, the Company amended its Credit and Guaranty Agreement, which among other things, allows the Company to borrow an incremental $50.0 million in the aggregate. At April 30, 2008, the Company had utilized $15.7 million under this incremental facility. The interest rate on the incremental term is the LIBOR rate plus 325 basis points (5.95% at April 30, 2008). Aggregate maturities of long -term debt are as follows: Year ending April 30: 2009 $ 3,080,000 2010 3,251,000 2011 16,446,000 2012 3,007,000 2013 3,007,000 Thereafter 282,697,000 $ 311,488,000 9. Interest Rate Risk The Company uses an interest rate swap to manage its risk associated with the floating interest rate on its $285.0 million secured term loan. The term of the swap is seven years, corresponding to the maturity date of the term loan. The fair market value of the swap at April 30, 2008, was a loss of $10.6 million and has been recorded within long -term liabilities and other comprehensive income, net of taxes. 10. Acquisitions During fiscal 2008, the Company acquired the assets of six maintenance companies in separate transactions, principally located in Florida. The total purchase price for these companies aggregated $41.3 million and resulted in $25.7 million of goodwill and $9.8 million of other intangibles being recorded by the Company. The total cost of these transactions has been allocated to the tangible assets acquired and the liabilities assumed based upon their respective fair values in accordance with FASB Statement No. 141 Business Combinations. The largest of the six acquisitions was for a purchase price of $26.5 million resulting in $19.2 million of goodwill and $3.1 million of other intangibles. Aggregate amortization expense associated with the purchase price allocations for these collective acquisitions recorded in fiscal 2008 was $1.0 million. 10 — u — b 1 VallevCrest Landscape nnaint. 17 1 6100 NW 1271,h Ave, f0ami, FL 330118 -1051