DEBT

Debt consisted of the following at March 31, 2015:



	March 31, 2015
	U.S. Dollar			Other Principal Trading Currencies			Total
6.30% $100 million Senior Notes due June 25, 2015	$	100,000		$	—		$	100,000
3.67% $50 million Senior Notes due December 17, 2022	50,000			—			50,000
4.10% $50 million Senior Notes due September 19, 2023	50,000			—			50,000
3.84% $125 million Senior Notes due September 19, 2024	125,000			—			125,000
$800 million Credit Agreement, interest at LIBOR plus 75 basis points	173,170			11,009			184,179
Other local arrangements	—			14,693			14,693
Total debt	498,170			25,702			523,872
Less: current portion	(100,000		)	(14,693		)	(114,693		)
Total long-term debt	$	398,170		$	11,009		$	409,179

As of March 31, 2015, the Company had $611.4 million of availability remaining under the credit agreement.

In March 2015, the Company entered into an agreement to issue and sell Euro 125 million of fifteen-year Senior Notes in a private placement. The Company will issue the Euro 125 million with a fixed interest rate of 1.47% ("1.47% Senior Notes") in June 2015. The Senior Notes are senior unsecured obligations of the Company and will mature in June 2030. The Company will designate the 1.47% Senior Notes as a hedge of a portion of its net investment in euro-denominated foreign subsidiaries to reduce foreign currency risk associated with the net investment in these operations. Changes in the value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate will be recorded as foreign currency translation adjustments within other comprehensive income (loss).

Interest on the 1.47% Senior Notes is payable in June and December of each year, beginning in December 2015. The Company may at any time prepay the Senior Notes, in whole or in part, at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest, plus in some instances, a "make-whole" prepayment premium and a swap related currency loss.

The Senior Notes contain customary affirmative and negative covenants for agreements of this type that are substantially similar to those contained in the previously issued debt of the Company. The Senior Notes also contain customary events of default with customary grace periods, as applicable.