9) Debt

Long-term debt is comprised of the following (in thousands):

	September 3 0 , 201 6			June 30, 201 6
Bank credit agreements	$	105,000		$	93,000
Other		18			18
Total funded debt		105,018			93,018
Issuance Cost		(810	)		(904	)
Total long-term debt	$	104,208		$	92,114

The Company’s debt payments are due as follows (in thousands):

Fiscal Year	September 3 0 , 201 6
2017	$	12
2018		6
2019		-
2020		105,000
2021		-
Thereafter		-
Funded Debt		105,018
Issuance cost		(810	)
Debt net of issuance cost	$	104,208

Bank Credit Agreements

During fiscal year 2015, the Company entered into an Amended and Restated Credit Agreement (“Credit Facility”, or “facility”). This five-year Credit Facility expires in December 2019 and has a borrowing limit of $400 million, which can be increased by an amount of up to $100 million, in accordance with specified conditions contained in the agreement. The facility also includes a $10 million sublimit for swing line loans and a $30 million sublimit for letters of credit.

At September 30, 2016, the Company had standby letters of credit outstanding, primarily for insurance purposes, of $8.4 million and had the ability to borrow $221.9 million under the facility. At September 30, 2016, the carrying value of the current borrowings under the facility approximates fair value.