NOTE 11 – DEBT

Long-term debt consisted of the following:

In thousands
	September 30, 2016		December 31, 2015
Obligations under capital leases	$	11,965	$	15,024
$1.20 billion senior credit facility weighted average rate 1.89%, due in 2019		428,572		353,763
$1.0 billion term loan weighted average rate 1.90%, due in 2020		1,000,000		1,250,000
$175 million private placement notes 3.89%, due in 2017		175,000		175,000
$125 million private placement notes 2.68%, due in 2019		125,000		125,000
$225 million private placement notes 4.47%, due in 2020		225,000		225,000
$150 million private placement notes 2.89%, due in 2021		150,000		150,000
$125 million private placement notes 3.26%, due in 2022		125,000		125,000
$200 million private placement notes 2.72%, due in 2022		200,000		200,000
$100 million private placement notes 2.79%, due in 2023		100,000		100,000
$150 million private placement notes 3.18%, due in 2023		150,000		150,000
Promissory notes and deferred consideration weighted average rate of 2.39% and weighted average maturity of 3.0 years		217,229		239,731
Foreign bank debt weighted average rate 7.79% and weighted average maturity of 2.4 years		114,832		105,530
Total debt		3,022,598		3,214,048
Less: current portion of total debt		91,008		161,409
Less: unamortized debt issuance costs		9,820		12,287
Long-term portion of total debt	$	2,921,770	$	3,040,352

Our $1.20 billion senior credit facility maturing in June 2019, our $1.0 billion term loan maturing in August 2020, our $175.0 million private placement notes maturing in October 2017, our $125.0 million private placement notes maturing in December 2019, our $225.0 million private placement notes maturing in October 2020, our $150.0 million private placement notes maturing in October 2021, our $125.0 million private placement notes maturing in December 2022, our $200.0 million private placement notes maturing in July 2022, our $100.0 million private placement notes maturing in July 2023, and our $150.0 million private placement notes maturing in October 2023 all require us to comply with various financial, reporting and other covenants and restrictions, including a restriction on dividend payments. The financial debt covenants are the same for the senior credit facility, term loan, and the private placement notes. At September 30, 2016, we were in compliance with all of our financial debt covenants. Our senior credit facility, term loan, and the private placement notes rank pari passu to each other and all other unsecured debt obligations.

As of September 30, 2016 and December 31, 2015, we had $164.5 million and $160.4 million, respectively, committed to outstanding letters of credit under our senior credit facility. The unused portion of the revolving credit facility as of September 30, 2016 and December 31, 2015 was $606.9 million and $685.8 million, respectively.