Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments

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Financial Instruments
9 Months Ended
Sep. 30, 2013
Financial Instruments  
Financial Instruments

(6)                     Financial Instruments

 

The carrying values of trade receivables, trade payables, and the Credit Facility at December 31, 2012 and September 30, 2013 approximated market value. The carrying value of the Credit Facility at December 31, 2012 and September 30, 2013 approximated fair value because the variable interest rates are reflective of current market conditions. Based on Level 2 market data, the fair value of the Company’s senior notes was approximately $1.3 billion and $1.5 billion at December 31, 2012 and September 30, 2013, respectively.