Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2017

Our total debt outstanding consisted of the amounts set forth on the following table:



(In millions)	September 30, 2017		December 31, 2016
Short-term borrowings⁽¹⁾	$	84.0	$	83.0
Current portion of long-term debt	2.0		297.0
Total current debt	86.0		380.0
Term Loan A due July 2019	222.2		818.3
6.50% Senior Notes due December 2020	423.4		423.1
4.875% Senior Notes due December 2022	420.2		419.6
5.25% Senior Notes due April 2023	420.2		419.7
4.50% Senior Notes due September 2023	467.9		416.7
5.125% Senior Notes due December 2024	420.6		420.2
5.50% Senior Notes due September 2025	396.6		396.4
6.875% Senior Notes due July 2033	445.4		445.3
Other	2.9		3.3
Total long-term debt, less current portion⁽³⁾	3,219.4		3,762.6
Total debt⁽²⁾⁽⁴⁾	$	3,305.4	$	4,142.6

⁽¹⁾

Short-term borrowings of $84.0 million at September 30, 2017 are comprised of $43.0 million of Diversey accounts payable obligations under financing arrangements which Sealed Air was fully reimbursed for as part of the sale of Diversey as well as $41.0 million of short term borrowings from various lines of credit. Short-term borrowings at December 31, 2016 were comprised primarily of $83.0 million of short-term borrowings from various lines of credit.

⁽²⁾

As of September 30, 2017, our weighted average interest rate on our short-term borrowings outstanding, excluding the amounts related to the Diversey accounts payable obligations discussed above, was 7.4% and on our long-term debt outstanding was 5.3%. As of December 31, 2016, our weighted average interest rate on our short-term borrowings outstanding was 4.8% and on our long-term debt outstanding was 4.7%.


⁽³⁾	Amounts are net of unamortized discounts and issuance costs of $30.9 million as September 30, 2017 and $36.3 million as of December 31, 2016.


⁽⁴⁾	Long-term debt instruments are listed in order of priority.

Lines of Credit

The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the Revolving Credit Facility discussed above, and the amounts available under our accounts receivable securitization programs.



(In millions)	September 30, 2017		December 31, 2016
Used lines of credit ⁽¹⁾⁽²⁾	$	41.0	$	83.0
Unused lines of credit	1,075.3		1,074.4
Total available lines of credit⁽³⁾	$	1,116.3	$	1,157.4


⁽¹⁾	Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.


⁽²⁾	As of September 30, 2017 and December 31, 2016, there were $27.2 million and $25.4 million of cash held on deposit, respectively, as a compensating balance for certain short-term borrowings, which is recorded in other current assets on the Condensed Consolidated Balance Sheet.


⁽³⁾	Of the total available lines of credit, $853.3 million were committed as of September 30, 2017.