v3.25.3
DEBT (Tables)
9 Months Ended
Sep. 30, 2025
DEBT  
Schedule of debt

    

    

    

September 30, 2025

    

December 31, 2024

Long-term debt

 

Interest Rate

 

 

  

 

  

Senior Unsecured Notes

2015 Notes - Series A due August 20, 2025(1)

3.15

%

$

$

100,000

2015 Notes - Series B due August 20, 2030

3.35

%

100,000

100,000

2015 Notes - Series C due April 1, 2035

3.61

%

50,000

50,000

2015 Notes - Series D due April 1, 2045

4.02

%

100,000

100,000

2016 Notes - Series A due October 20, 2028

2.75

%

100,000

100,000

2016 Notes - Series B due October 20, 2033

3.03

%

100,000

100,000

2016 Notes - Series C due October 20, 2037

3.27

%

100,000

100,000

2016 Notes - Series D due October 20, 2041

3.52

%

50,000

50,000

2024 Notes - Series A due August 22, 2029

5.55

%

75,000

75,000

2024 Notes - Series B due August 22, 2031

5.62

%

75,000

75,000

2024 Notes - Series C due June 20, 2034

5.74

%

400,000

400,000

Other borrowings due through 2030

Variable(2)

 

10

 

10

 

1,150,010

 

1,250,010

Plus interest rate swap adjustment

2,847

3,355

Less current portion(1)

 

4

 

100,004

Less debt issuance costs

2,538

 

2,810

Long-term debt, less current portion

 

1,150,315

 

1,150,551

Short-term debt

 

Amounts due to banks

Variable(3)

 

88,199

 

10,520

Current portion long-term debt(1)

 

4

 

100,004

Total short-term debt

 

88,203

 

110,524

Total debt

$

1,238,518

$

1,261,075

(1)On August 20, 2025, the Company repaid the Series A notes in full at maturity.
(2)Interest rate was 7.97% at both September 30, 2025 and December 31, 2024.
(3)Weighted average interest rate on the revolving credit facility was 5.2% as of September 30, 2025. Weighted average interest rate of other lines of credit related to liquidity needs in a hyperinflationary country was 44.7% and 47.8% as of September 30, 2025 and December 31, 2024, respectively.