9. Long-Term Debt

The components of debt obligations are presented in the table below:

	March 31,			December 31,
	2016			2015
6% senior notes due 2022		300,000			300,000
Senior bank credit facility		207,000			200,000
Total debt		507,000			500,000
Less deferred debt issue costs		(5,039	)		(5,228	)
Long-term debt, net	$	501,961		$	494,772

There were $207.0 million in borrowings outstanding under the Company’s senior secured bank revolving credit facility (“Senior Bank Credit Facility”) as of March 31, 2016. The Company has classified these borrowings as long-term debt in the accompanying Condensed Consolidated Balance Sheets as the Company has the intent and ability, as supported by availability under the credit agreement entered into as of June 26, 2015, to refinance these borrowings for more than one year from the Balance Sheet date. Additionally, $1.4 million of the borrowing limit was utilized (and, therefore, unavailable) as of March 31, 2016 for letters of credit.

For further information on our 6% senior notes due 2022 and Senior Bank Credit Facility, see footnote “12. Long-Term Debt” in Part II, Item 8 of our Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2015.