Debt

The Company has a line of credit agreement with a syndicate of banks. The agreement provides for a credit facility of $800 million. Total borrowing capacity for the Company under all lines of credit is currently at $950.0 million, including subsidiary debt that is non-recourse to the Company of $15.0 million for The Andersons Denison Ethanol LLC ("TADE"), $70.0 million for ELEMENT LLC and $65.0 million for The Andersons Railcar Leasing Company LLC. At June 30, 2018, the Company had a total of $642.1 million available for borrowing under its lines of credit. The Company's 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, 2018.

The Company’s short-term and long-term debt at June 30, 2018, December 31, 2017 and June 30, 2017 consisted of the following:



(in thousands)	June 30, 2018		December 31, 2017		June 30, 2017
Short-term Debt – Non-Recourse	$	—	$	—	$	—
Short-term Debt – Recourse	185,000		22,000		124,000
Total Short-term Debt	$	185,000	$	22,000	$	124,000

Current Maturities of Long-term Debt – Non-Recourse	$	2,922	$	—	$	—
Current Maturities of Long-term Debt – Recourse	10,778		54,205		62,482
Total Current Maturities of Long-term Debt	$	13,700	$	54,205	$	62,482

Long-term Debt, Less: Current Maturities – Non-Recourse	$	72,290	$	—	$	—
Long-term Debt, Less: Current Maturities – Recourse	363,290		418,339		354,066
Total Long-term Debt, Less: Current Maturities	$	435,580	$	418,339	$	354,066