Long-Term Debt

9 Months Ended

Sep. 30, 2013

Long-term debt

Note 9 - Long-term debt:

	December31, 2012		September30, 2013
	(In thousands)
Subsidiary debt:
CompX note payable to TIMET Finance Management Company	$	18,480	$	—
Less current maturities		1,000		—
Total long-term debt	$	17,480	$	—

In July 2013, CompX prepaid the remaining outstanding principal amount of the note payable to TIMET Finance Management Company, plus accrued interestwithout penalty.   The average interest rate on the promissory note payable for the year-to-date period ended July 18, 2013 (the pay-off date) was 1.3%.

During the first nine months of 2013, we had no borrowings under our promissory note with Valhi, and at September30, 2013, the full $40 million was available for borrowing under this facility.