Debt

The Company is party to borrowing arrangements with a syndicate of banks. See Note 5 in the Company’s 2015 Form 10-K for a description of these arrangements. Total borrowing capacity for the Company under all lines of credit is currently at $872.5 million, including $22.5 million of debt of The Andersons Denison Ethanol LLC ("TADE"), which is non-recourse to the Company. At June 30, 2016, the Company had a total of $630.9 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 June 30, 2016.

The Company’s short-term and long-term debt at June 30, 2016, December 31, 2015 and June 30, 2015 consisted of the following:



(in thousands)	June 30, 2016		December 31, 2015		June 30, 2015
Short-term Debt – Non-Recourse	$	—	$	—	$	—
Short-term Debt – Recourse	$	179,404	16,990		141,250
Total Short-term Debt	179,404		16,990		141,250

Current Maturities of Long-term Debt – Non-Recourse	—		—		—
Current Maturities of Long-term Debt – Recourse	53,720		27,786		27,188
Total Current Maturities of Long-term Debt	53,720		27,786		27,188

Long-term Debt, Less: Current Maturities – Non-Recourse	—		—		—
Long-term Debt, Less: Current Maturities – Recourse	398,746		436,208		417,279
Total Long-term Debt, Less: Current Maturities	$	398,746	$	436,208	$	417,279