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Long-Term Debt
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt

Long-term debt consisted of the following:
 
 
Sept. 30,
2014
 
Sept. 30,
2013
 
Dec. 31,
2013
 
(Dollars in thousands)
Bank debt
 
 
 
 
 
Bank revolving loans
$
335,148

 
$
98,395

 
$

U.S. term loans
365,000

 
364,000

 
364,000

Canadian term loans
62,699

 
66,784

 
64,485

Euro term loans
279,070

 
316,317

 
323,704

Other foreign bank revolving and term loans
125,113

 
154,432

 
151,647

Total bank debt
1,167,030

 
999,928

 
903,836

5½% Senior Notes
300,000

 
300,000

 
300,000

5% Senior Notes
500,000

 
500,000

 
500,000

Total debt
1,967,030

 
1,799,928

 
1,703,836

Less current portion
443,982

 
225,732

 
146,174

 
$
1,523,048

 
$
1,574,196

 
$
1,557,662



At September 30, 2014, amounts expected to be repaid within one year consisted of $335.1 million of bank revolving loans under our senior secured credit facility and $108.9 million of foreign bank revolving and term loans.

Credit Agreement

On January 14, 2014, we completed the refinancing of our previous senior secured credit facility, or our 2011 Credit Facility, by entering into a new senior secured credit facility, or the Credit Agreement. All amounts owed under our 2011 Credit Facility were repaid on January 14, 2014 with proceeds from the Credit Agreement, and our 2011 Credit Facility was simultaneously terminated. As a result of the refinancing of our 2011 Credit Facility, we recorded a pre-tax charge for the loss on early extinguishment of debt of $1.5 million during the first quarter of 2014.