Long-Term Debt and Commitments

9 Months Ended

Sep. 29, 2013

Long-Term Debt and Commitments [Abstract]

Long-Term Debt and Commitments

Note 8.   Long-Term Debt and Commitments

     The following is a summary of long-term debt:

(millions of dollars)			September 29,2013		December 31,2012
5.53% Series 2006A Senior Notes
	Due October 5, 2013		$	50.0	$	50.0
Floating Rate Series 2006A Senior Notes
	Due October 5, 2013			25.0		25.0
Variable/Fixed Rate Industrial
	Development Revenue Bonds Series 1999 Due November 1, 2014			8.2		8.2
Installment obligations				--		1.4
Other borrowings				0.6		0.9
		Total		83.8		85.5
Less: Current maturities				0.6		77.0
Long-term debt			$	83.2	$	8.5

     On May 31, 2013, the Company paid $1.4 million for its installment obligations on land and limestone ore reserves acquired from the Cushenbury Mine Trust. 

     On October 7,  2013, the Company entered into, through private placement,  a Note Purchase Agreement for $75 million aggregate principal amount of senior unsecured notes, consisting of (a) $30,000,000 aggregate principal amount 3.46% Senior Notes, Series A, due October 7, 2020 (the "Series A Notes"), and (b) $45,000,000 aggregate principal amount 4.13% Senior Notes, Series B, due October 7, 2023 (the "Series B Notes" and, together with the Series A Notes, the "Notes").  The Company has used the proceeds of the Notes to repay its $75 million aggregate principal amount of senior unsecured notes due October 5, 2013

     As of September 29, 2013, the Company had $190.4 million of uncommitted short-term bank credit lines, of which approximately $6.9 million was in use.