Note 7 - Long-term debt:

	December 31,		March 31,
	2014		2015
	(In millions)
Term loan	$	345.9	$	345.1
Other		2.7		3.5
Total debt		348.6		348.6
Less current maturities		3.9		3.9
Total long-term debt	$	344.7	$	344.7

Term loan – During the first three months of 2015, we made our required quarterly principal payment of $.9 million. The average interest rate on the term loan borrowings as of and for the quarter ended March 31, 2015 was 4.75%. The carrying value of the term loan at March 31, 2015 includes unamortized original issue discount of $1.4 million.

Revolving credit facilities - Our European revolving credit facility requires the maintenance of certain financial ratios, and one of such requirements is based on the ratio of net debt to last twelve months earnings before income tax, interest, depreciation and amortization expense (EBITDA) of the borrowers. Based upon the borrowers’ last twelve months EBITDA as of March 31, 2015 and the net debt to EBITDA financial test, our borrowing availability at March 31, 2015 is approximately 59% of the credit facility, or €71 million ($77 million). In addition, at March 31, 2015 we had approximately $94.8 million available for borrowing under our North American revolving facility.

Other - We are in compliance with all of our debt covenants at March 31, 2015.