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Debt
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Debt
Debt

The following table summarizes our long-term debt obligations, net of unamortized debt issuance costs and current maturities. The interest rates shown in parentheses are as of June 30, 2018.

($ in millions)
June 30,
2018
 
December 31,
2017
Note payable, due December 31, 2019
$
0.1

 
$
0.1

Credit Facility, due October 15, 2020 (1.00%)
28.9

 
29.6

Series A notes, due July 5, 2022 (3.67%)
42.0

 
42.0

Series B notes, due July 5, 2024 (3.82%)
53.0

 
53.0

Series C notes, due July 5, 2027 (4.02%)
73.0

 
73.0

 
197.0

 
197.7

Less: unamortized debt issuance costs
0.6

 
0.7

Total debt
196.4

 
197.0

Less: current portion of long-term debt

 

Long-term debt, net
$
196.4

 
$
197.0



Please refer to Note 8, Debt, to the consolidated financial statements in our 2017 Annual Report for additional details regarding our debt agreements.

At June 30, 2018, we had $28.9 million in outstanding long-term borrowings under our $300.0 million multi-currency revolving credit facility (the “Credit Facility”), of which $4.5 million was denominated in Japanese Yen (“Yen”) and $24.4 million was denominated in Euro. These borrowings, together with outstanding letters of credit of $2.8 million, resulted in a borrowing capacity available under the Credit Facility of $268.3 million at June 30, 2018. Please refer to Note 8, Derivative Financial Instruments, for a discussion of the foreign currency hedges associated with the Credit Facility.