9. Long-Term Debt

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

	June 30,			December 31,
	2016			2015
6% senior notes due 2022		300,000			300,000
Senior Bank Credit Facility		200,000			200,000
Total debt		500,000			500,000
Less deferred debt issue costs		(4,850	)		(5,228	)
Long-term debt, net	$	495,150		$	494,772

There were $200.0 million in borrowings outstanding under the Company’s Senior Bank Credit Facility as of June 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, 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 (and, therefore, unavailable) as of June 30, 2016 for letters of credit.

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.