Long-Term Debt and Loan Agreement

Long-term debt consisted of the following:



	September 30,		December 31,
	2014		2013
Loan Agreement	$	177,590	$	34,200
4.67% Senior Unsecured Notes due 2021	40,000		—
5.25% Senior Unsecured Notes due 2024	11,000		11,000
5.30% Senior Unsecured Notes due 2024	29,000		—
5.45% Senior Unsecured Notes due 2026	20,000		—
	277,590		45,200
Less unamortized deferred financing fees	723		853
	$	276,867	$	44,347

On May 30, 2014, the Company entered into a First Amendment to the Fourth Amended and Restated Loan Agreement (the "Loan Amendment"). The Loan Amendment increased the senior revolving credit facility from $200 million to $300 million through December 2018 and provides for an additional subsidiary of the Company as a borrower and another subsidiary of the Company as a guarantor of the credit facility. On July 2, 2014, the Company borrowed approximately $135.3 million under the Loan Agreement to fund the acquisition of Scepter as described in Note 2.

As of September 30, 2014, the Company had $117.8 million available, reduced for letters of credit issued, under the Loan Agreement. The Company also had $4.6 million of letters of credit issued related to insurance and other financing contracts in the ordinary course of business at September 30, 2014.

Long-term debt at September 30, 2014 and December 31, 2013 includes $0.7 million and $0.9 million, respectively, of unamortized deferred financing costs, which are accounted for as debt valuation accounts.

On October 22, 2013, the Company entered into a note purchase agreement for the private placement of Senior Unsecured Notes totaling $100.0 million with a group of investors. The four series of notes are payable semiannually. Proceeds of $11.0 million under the note purchase agreement were received in December 2013, and the remaining proceeds of $89.0 million were received in January 2014.