we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially .
in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a .
( 2018 2018termoandes 2019 2019 ) and interandes , s.a .
( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended .
under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure .
it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future .
the businesses , which were affected in 2003 , are listed below .
impairment project name project type date location ( in millions ) .

Project Name
Project Type
Date
Location
Impairment (in millions)
Ede Este (1)
Operating
December 2003
Dominican Republic
$60
Wolf Hollow
Operating
December 2003
United States
$120
Granite Ridge
Operating
December 2003
United States
$201
Colombia I
Operating
November 2003
Colombia
$19
Zeg
Construction
December 2003
Poland
$23
Bujagali
Construction
August 2003
Uganda
$76
El Faro
Construction
April 2003
Honduras
$20

( 1 ) see note 4 2014discontinued operations .
improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) .
we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion .
our average debt maturity was extended from 2009 to 2012 .
at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk .
these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries .
liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve .
currency and political risk tend to be biggest variables to sustaining predictable cash flow .
the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables .
in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s .
large utilities and worldwide contract generation .
on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 .
the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date .
the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis .
on february 13 , 2004 we issued $ 500 million of unsecured senior notes .
the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium .
the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual .

Question: Analyse this data from a financial earnings document. how many years was the average debt maturity extended for?
Choices:
1512
-1999
4021
-2008.2
3.0
Correct choice index: 4