NOTE 11 – DEBT

Long-term debt consisted of the following:

In thousands
	March 31, 2017		December 31, 2016
Obligations under capital leases	$	10,820	$	11,121
$1.2 billion senior credit facility weighted average rate 2.23%, due in 2019		346,506		407,119
$1.0 billion term loan weighted average rate 2.33%, due in 2020		970,000		1,000,000
$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 3.3 years		193,208		191,648
Foreign bank debt weighted average rate 6.25% and weighted average maturity of 1.9 years		101,341		99,428
Total debt		2,871,875		2,959,316
Less: current portion of total debt		96,301		72,822
Less: unamortized debt issuance costs		8,539		9,179
Long-term portion of total debt	$	2,767,035	$	2,877,315

Our senior credit facility, term loan, and the private placement notes all require us to comply with the same financial, reporting and other covenants and restrictions, including a restriction on dividend payments. At March 31, 2017, 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.

At March 31, 2017 and December 31, 2016, we had $138.9 million and $138.0 million, respectively, committed to outstanding letters of credit under our senior credit facility. The unused portion of the revolving credit facility was $714.6 million and $654.9 million at March 31, 2017 and December 31, 2016, respectively.

We classified our $175.0 million private placement notes that mature in October 2017 as long-term debt due to our intent to settle this obligation by borrowing on the available and unused capacity on our $1.2 billion senior credit facility due in 2019.