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Bank Loans
9 Months Ended
Sep. 30, 2020
Bank Loans  
Bank Loans

Note 10 — Bank Loans

Bank loans consist of short term (less than 120 days) borrowings by the Company’s Spanish subsidiary that are held by international banks. The weighted-average interest rate as of September 30, 2020 and 2019 was 3.0% and 3.0%, respectively.