9) Debt

At March 31, 2016 and June 30, 2015, we had debt issuance costs of $1.0 million and $1.3 million, respectively. The Company’s debt payments are due as follows (in thousands):

Fiscal Year	March 31, 201 6
2016	$	6
2017		13
2018		6
2019		-
2020		107,000
Thereafter		-
Funded Debt		107,025
Issuance cost		(997	)
Debt net of issuance cost	$	106,028

Bank Credit Agreements

During fiscal year 2015, the Company entered into an Amended and Restated Credit Agreement (“Credit Facility”, or “facility”). This five-year Credit Facility expires in December 2019 and has a borrowing limit of $400 million, which can be increased by an amount of up to $100 million, in accordance with specified conditions contained in the agreement. The facility also includes a $10 million sublimit for swing line loans and a $30 million sublimit for letters of credit.

At March 31, 2016, the Company had standby letters of credit outstanding, primarily for insurance purposes, of $7.7 million and had the ability to borrow $246.8 million under the facility. At March 31, 2016, the carrying value of the current borrowings under the facility approximates fair value.