the number of shares issued will be determined as the par value of the debentures divided by the average trading stock price over the preceding five-day period . at december 31 , 2008 , the unamortized adjustment to fair value for these debentures was $ 28.7 million , which is being amortized through april 15 , 2011 , the first date that the holders can require us to redeem the debentures . tax-exempt financings as of december 31 , 2008 and 2007 , we had $ 1.3 billion and $ .7 billion of fixed and variable rate tax-exempt financings outstanding , respectively , with maturities ranging from 2010 to 2037 . during 2008 , we issued $ 207.4 million of tax-exempt bonds . in addition , we acquired $ 527.0 million of tax-exempt bonds and other tax-exempt financings as part of our acquisition of allied in december 2008 . at december 31 , 2008 , the total of the unamortized adjustments to fair value for these financings was $ 52.9 million , which is being amortized to interest expense over the remaining terms of the debt . approximately two-thirds of our tax-exempt financings are remarketed weekly or daily , by a remarketing agent to effectively maintain a variable yield . these variable rate tax-exempt financings are credit enhanced with letters of credit having terms in excess of one year issued by banks with credit ratings of aa or better . the holders of the bonds can put them back to the remarketing agent at the end of each interest period . to date , the remarketing agents have been able to remarket our variable rate unsecured tax-exempt bonds . as of december 31 , 2008 , we had $ 281.9 million of restricted cash , of which $ 133.5 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital expenditures under the terms of the agreements . restricted cash also includes amounts held in trust as a financial guarantee of our performance . other debt other debt primarily includes capital lease liabilities of $ 139.5 million and $ 35.4 million as of december 31 , 2008 and 2007 , respectively , with maturities ranging from 2009 to 2042 . future maturities of debt aggregate maturities of notes payable , capital leases and other long-term debt as of december 31 , 2008 , excluding non-cash discounts , premiums , adjustments to fair market value of related to hedging transactions and adjustments to fair market value recorded in purchase accounting totaling $ 821.9 million , are as follows ( in millions ) : years ending december 31 , 2009 ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 507.4 .

Table: 2009 ( 1 ) $ 507.4 2010 387.5 2011 1138.1 2012 38.4 2013 1139.2 thereafter 5313.8 total $ 8524.4

( 1 ) includes the receivables secured loan , which is a 364-day liquidity facility with a maturity date of may 29 , 2009 and has a balance of $ 400.0 million at december 31 , 2008 . although we intend to renew the liquidity facility prior to its maturity date , the outstanding balance is classified as a current liability because it has a contractual maturity of less than one year . republic services , inc . and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 119000000 ***%%pcmsg|117 |00024|yes|no|02/28/2009 17:21|0|0|page is valid , no graphics -- color : d| .

Question: \\nas of december 31 , 2008 , what was the percent of the proceeds form the issuance of the tax exempt and other tax exempt financing as part of the restricted cash\\n
Answer: 47.3%
Calculation: divide(133.5, 281.9)
Explanation: the percent is the difference divide by the total amount of the restricted cash