LONG-TERM DEBT

Long-term debt consists of the following (in thousands):



	July 31, 2015			October 31, 2014
Borrowings under revolving credit facility		$297,046			$326,000
Capital leases	2,423			3,109
	299,469			329,109
Less: Current maturities of long-term debt	(343		)	(418		)
		$299,126			$328,691

During the first quarter of fiscal 2015, the Company elected to borrow €32 million under its revolving credit facility, which allows for borrowings made in foreign currencies up to a $50 million sublimit. The funds were used to facilitate an acquisition made during the same fiscal quarter. As of July 31, 2015, the United States ("U.S.") dollar equivalent of the Company's Euro borrowing was $35.0 million.

As of July 31, 2015 and October 31, 2014, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 1.3%. The revolving credit facility contains both financial and non-financial covenants. As of July 31, 2015, the Company was in compliance with all such covenants.