Note 5. Long-Term Debt

Long-term debt consisted of the following:

	March 31,		March 31,		Dec. 31,
	2013		2012		2012
	(Dollars in thousands)

Bank debt
Bank revolving loans	$	424,841	$	-	$	-
U.S. term loans		364,000		520,000		520,000
Canadian term loans		67,755		80,943		81,389
Euro term loans		300,535		444,713		443,406
Other foreign bank revolving and term loans		126,518		120,685		126,521
Total bank debt		1,283,649		1,166,341		1,171,316

5% Senior Notes		500,000		500,000		500,000
7¼% Senior Notes, net of unamortized discount		-		245,454		-

Total debt		1,783,649		1,911,795		1,671,316
Less current portion		526,059		331,008		255,349
	$	1,257,590	$	1,580,787	$	1,415,967

At March 31, 2013, amounts expected to be repaid within one year consisted of $424.8 million of bank revolving loans and $101.3 million of foreign bank revolving and term loans.

In the first quarter of 2013, we prepaid essentially all term loan amortization payments due in 2013 and 2014 under our senior secured credit facility, or the Credit Agreement, consisting of $156.0 million of U.S. term loans, €100.5 million of Euro term loans and Cdn $12.2 million of Canadian term loans, aggregating U.S. denominated $300.9 million. In connection with these prepayments, we recorded a loss on early extinguishment of debt of $2.1 million.