Debt

The Company is party to borrowing arrangements with a syndicate of banks. See Note 10 in the Company’s 2012 Form 10-K for a complete description of these arrangements. Total borrowing capacity for the Company under all lines of credit is currently at $878.1 million, including $28.1 million non-recourse debt of The Andersons Denison Ethanol LLC ("TADE"). At June 30, 2013, the Company had a total of $771.9 million available for borrowing under its lines of credit. The Company was in compliance with all financial and non-financial covenants as of June 30, 2013.

The Company’s short-term and long-term debt at June 30, 2013, December 31, 2012 and June 30, 2012 consisted of the following:



(in thousands)	June 30, 2013		December 31, 2012		June 30, 2012
Borrowings under short-term line of credit – nonrecourse	$	—	$	4,219	$	1,608
Borrowings under short-term line of credit – recourse	50,000		20,000		308,000
Total borrowings under short-term line of credit	$	50,000	$	24,219	$	309,608
Current maturities of long -term debt – nonrecourse	$	3,274	$	2,496	$	1,385
Current maturities of long-term debt – recourse	41,822		12,649		28,262
Total current maturities of long-term debt	$	45,096	$	15,145	$	29,647
Long-term debt, less current maturities – nonrecourse	$	19,621	$	20,067	$	32,544
Long-term debt, less current maturities – recourse	389,399		407,176		285,104
Total long-term debt, less current maturities	$	409,020	$	427,243	$	317,648