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Long-Term Debt
6 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
LONG-TERM DEBT
LONG-TERM DEBT
Our $600 million five-year, multi-currency, revolving credit facility (2011 Credit Agreement) requires us to comply with various restrictive and affirmative covenants, including two financial covenants: a maximum leverage ratio and a minimum consolidated interest coverage ratio (as those terms are defined in the agreement). We were in compliance with all covenants as of December 31, 2015. We had $5.4 million and $42.8 million of borrowings outstanding under the 2011 Credit Agreement as of December 31, 2015 and June 30, 2015, respectively. Borrowings under the 2011 Credit Agreement are guaranteed by our significant domestic subsidiaries. The 2011 Credit Agreement matures in April 2018.
Fixed rate debt had a fair market value of $692.5 million and $698.0 million at December 31, 2015 and June 30, 2015, respectively. The Level 2 fair value is determined based on the quoted market price of this debt as of December 31, 2015 and June 30, 2015, respectively.