10 . COMMITMENTS AND CONTINGENCIES Litigation Contingencies In the normal course of business, the Company is involved in various legal actions and other state and federal proceedings. A number of actions or proceedings were pending at March 31, 2013 . In some instances, lawsuits include claims for punitive damages and similar types of relief in unspecified or substantial amounts, in addition to amounts for alleged contractual liability or other compensatory damages. In the opinion of management, the ultimate liability, if any, arising from the actions or proceedings is not expected to have a material effect on the Company's business, financial position, results of operations or cash flows. Senior Unsecured Revolving Credit Facility ( Facility ) Contingencies The Company maintains a $250 million Facility. U pon the request of StanCorp and with the consent of the lenders under the Facility, the Facility can be increased to $350 million. The termination date of the Facility is June 22, 2016 , though, at the option of StanCorp and with the consent of the lenders under the Facility, the termination date can be extended for two additional one year periods. Borrowings under the F acility are used for working capital, general corporate purposes and for the issuance of letters of credit. Under the agreement, the Compa ny is subject to two financial covenants that are based on the Company's ratio of total debt to total capitalization and consolidated net worth. The Company is also subject to covenants that limit subsidiary indebtedness. The Facility is subject to pricing levels based upon the Company's publicly announce d debt ratings and includes an interest rate option at the election of the borrower of a base rate plus the applicable margin or the LIBOR rate plus the applicable margin , plus facility and utilization fees. At March 31, 2013 , t he Company was in compliance with all financial covenants under the Facility and had no outstanding balance on the Facility. Other Financing Obligations The Company has $ 250 mill