Debt

The Company is party to borrowing arrangements with a syndicate of banks. See Note 10 in the Company’s 2014 Form 10-K for a description of these arrangements. Total borrowing capacity for the Company under all lines of credit is currently at $875.0 million, including $25.0 million of debt of The Andersons Denison Ethanol LLC ("TADE"), which is non-recourse to the Company. At September 30, 2015, the Company had a total of $657.9 million available for borrowing under its lines of credit. Our borrowing capacity is reduced by a combination of outstanding borrowings and letters of credit. The Company was in compliance with all financial covenants as of September 30, 2015.

The Company’s short-term and long-term debt at September 30, 2015, December 31, 2014 and September 30, 2014 consisted of the following:



(in thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Short-term debt – recourse	$	82,801	$	2,166	$	451
Total short-term debt	82,801		2,166		451
Current maturities of long-term debt – non-recourse	—		—		—
Current maturities of long-term debt – recourse	26,989		76,415		76,757
Total current maturities of long-term debt	26,989		76,415		76,757
Long-term debt, less current maturities – non-recourse	—		—		—
Long-term debt, less current maturities – recourse	413,561		298,638		289,448
Total long-term debt, less current maturities	$	413,561	$	298,638	$	289,448