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Debt
9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
DEBT
DEBT
Debt consisted of the following at September 30, 2013:
 
September 30, 2013
 
U.S. Dollar
 
Other Principal Trading Currencies
 
Total
6.30% $100 million Senior Notes due June 25, 2015
$
100,000

 
$

 
$
100,000

3.67% $50 million Senior Notes due December 17, 2022
50,000

 

 
50,000

4.10% $50 million Senior Notes due September 19, 2023
50,000

 

 
50,000

Credit agreement
163,958

 
20,913

 
184,871

Other local arrangements

 
16,019

 
16,019

Total debt
363,958

 
36,932

 
400,890

Less: current portion

 
(16,019
)
 
(16,019
)
Total long-term debt
$
363,958

 
$
20,913

 
$
384,871


As of September 30, 2013, the Company had $690.9 million of availability remaining under the credit agreement.

In the third quarter of 2013, the Company issued and sold $50 million of 4.10% Senior Notes due September 2023 in a private placement. The 4.10% Senior Notes are senior unsecured obligations of the Company.

Interest on the 4.10% Senior Notes is payable semi-annually in March and September of each year, beginning in March 2014. The Company may at any time prepay the 4.10% Senior Notes, in whole or in part (but in an amount not less than 10% of the original aggregate principal amount), at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest, plus a "make-whole" prepayment premium.

The 4.10% Senior Notes contain customary affirmative and negative covenants for agreements of this type that are substantially similar to those contained in the previously issued debt of the Company. The 4.10% Senior Notes also contain customary events of default with customary grace periods, as applicable. The Company was in compliance with these covenants at September 30, 2013.

Issuance costs approximating $0.3 million will be amortized to interest expense over the 10-year term of the 4.10% Senior Notes.