9. Long-Term Debt

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

	September 30,			December 31,
	2016			2015
2022 Notes	$	300,000		$	300,000
Senior Bank Credit Facility		175,000			200,000
Total debt		475,000			500,000
Less deferred debt issue costs		(4,661	)		(5,228	)
Long-term debt, net	$	470,339		$	494,772

There were $175.0 million in borrowings outstanding under the Company’s Senior Bank Credit Facility as of September 30, 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 which expires on June 26, 2020, to refinance these borrowings for more than one year from the applicable balance sheet date. Additionally, $1.4 million of the borrowing limit was utilized for letters of credit (and, therefore, unavailable) as of September 30, 2016.

For further information on our 2022 Notes 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.