Question-and-Answer Session
Operator
(Operator Instructions) We’ll take our first question from Jeff Logsdon.
Jeff Logsdon - BMO Capital Markets
Thank you. Richard, the bank debt, is this -- the original agents and proprietors of that was Bear Stearns. Is there any change that’s gone on or where does most of the debt sit? Who is the bank group that’s involved?
Richard B. Hare
Currently we have a $50 million untapped revolving credit facility. Bear Stearns is the agent for that but they do not hold a majority of that paper. That is spread out among several different investors.
With regard to the $300 million of term debt that we have, that is parceled out to many different investors and Bear Stearns doesn’t hold that paper.
Jeff Logsdon - BMO Capital Markets
Great. Thanks.
Operator
(Operator Instructions) We have a question from Chris Mittleman from Mittleman -- (Operator Instructions) And that concludes today’s question-and-answer session. Thank you all for joining us. Mr. Patrick, I’ll turn the call back over to you for any additional or closing remarks.
Michael W. Patrick
Well, I appreciate you all for calling in on this call and we will host our next call next quarter. Thank you very much.
Operator
Once again, thank you all for joining us. That does conclude the presentation. Have a great day.
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