DEBT

Debt consisted of the following at June 30, 2015:



	June 30, 2015
	U.S. Dollar			Other Principal Trading Currencies			Total
3.67% $50 million Senior Notes due December 17, 2022	50,000			—			50,000
4.10% $50 million Senior Notes due September 19, 2023	50,000			—			50,000
3.84% $125 million Senior Notes due September 19, 2024	125,000			—			125,000
4.24% $125 million Senior Notes due June 25, 2025	125,000			—			125,000
1.47% Euro 125 million Senior Notes due June 17, 2030	—			139,665			139,665
$800 million Credit Agreement, interest at LIBOR plus 75 basis points	100,000			15,476			115,476
Other local arrangements	457			22,896			23,353
Total debt	450,457			178,037			628,494
Less: current portion	(457		)	(22,896		)	(23,353		)
Total long-term debt	$	450,000		$	155,141		$	605,141

As of June 30, 2015, the Company had $680.1 million of availability remaining under its Credit Agreement. The Company was in compliance with its covenants at June 30, 2015.

4.24% Senior Notes

In June 2014, the Company entered into an agreement to issue and sell $250 million of ten-year Senior Notes in a private placement. The Company issued $125 million with a fixed interest rate of 3.84% ("3.84% Senior Notes") in September 2014 and issued an additional $125 million with a fixed interest rate of 4.24% ("4.24% Senior Notes") in June 2015. The Senior Notes are senior unsecured obligations of the Company. The 4.24% Senior Notes were used to repay $100 million of 6.30% Senior Notes which were due June 25, 2015.

1.47% Euro Senior Notes

In June 2015, the Company issued the Euro 125 million with a fixed interest rate of 1.47% ("1.47% Euro Senior Notes") fifteen-year Senior Notes in a private placement. The Euro Senior Notes are senior unsecured obligations of the Company. The Company has designated the 1.47% Euro Senior Notes as a hedge of a portion of its net investment in euro-denominated foreign subsidiaries to reduce foreign currency risk associated with the net investment in these operations. Changes in the carrying value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate are recorded as foreign currency translation adjustments within other comprehensive income (loss). The unrealized gain recorded in other comprehensive income (loss) related to this net investment hedge was $0.5 million for the period ended June 30, 2015.

Issuance costs approximating $0.4 million will be amortized to interest expense over the fifteen year term of the Euro Senior Notes.