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Credit Facilities and Long-Term Debt
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Credit Facilities and Long-Term Debt Credit Facilities and Long-Term Debt
Total debt outstanding is summarized as follows (in thousands):
March 31,December 31,
20252024
2024 Credit Agreement (a)
Multi-currency revolver324,736 244,171 
   U.S. dollar term loan(b)
195,924 198,287 
   Euro term loan(b)
105,973 102,908 
   Danish revolver4,350 — 
Other
19,572 16,948 
Total debt$650,555 $562,314 
Current maturities of debt$23,226 $27,117 
Long-term debt627,329 535,197 
Total debt$650,555 $562,314 
(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, is 5.4% and 5.6% at March 31, 2025 and December 31, 2024, respectively. Interest rates primarily consist of Term SOFR for borrowings in U.S. dollars and EURIBOR for borrowings in euros.
(b) Amounts are shown net of unamortized deferred financing costs of $2.5 million at March 31, 2025 and $2.7 million at December 31, 2024.
2024 Credit Agreement
Outstanding borrowings at March 31, 2025 under the 2024 Credit Agreement were $631 million, net of deferred financing costs, consisting of current borrowings of $19.1 million and long-term debt of $611.9 million; while outstanding borrowings at December 31, 2024 were $545.4 million, net of deferred financing costs, consisting of current borrowings of $25.2 million and long-term debt of $520.1 million. Letters of credit outstanding under the credit agreements were $2.5 million at both March 31, 2025 and December 31, 2024.
The 2024 Credit Agreement contains customary covenants limiting, among other things, the incurrence of additional indebtedness, the creation of liens, mergers, consolidations, liquidations and dissolutions, sales of assets, dividends and other payments in respect of equity interests, acquisitions, investments, loans and guarantees, subject, in each case, to customary exceptions, thresholds and baskets. The Company is in compliance with its debt covenants. The 2024 Credit Agreement also contains customary events of default.
Polish Overdraft Facility
The Company has an overdraft facility that provides for borrowings of up to Polish zloty 30 million (approximately $7.8 million) if borrowings are solely in Polish zloty, or up to 85% of the Polish zloty 30 million limit (approximately $6.6 million) if borrowings are in euros and/or U.S. dollars. The overdraft facility automatically renews every three months until June 2027, subject to cancellation by either party, at its sole discretion, at least 30 days prior to the commencement of the three-month renewal period. There were no borrowings outstanding under the overdraft facility at March 31, 2025 and December 31, 2024.
Maturities of Debt
As of March 31, 2025, maturities of debt, net of unamortized deferred financing costs, through 2038, assuming no prepayments, are as follows (in thousands):

Multi-Currency RevolverU.S. Dollar Term LoanEuro Term LoanDanish RevolverOther DebtTotal
Remainder of 2025$— $7,153 $3,864 $— $3,872 $14,889 
2026— 9,606 5,190 — 1,192 15,988 
2027— 14,655 7,923 — 1,296 23,874 
2028— 19,703 10,655 — 1,225 31,583 
2029324,736 144,807 78,340 4,350 1,264 553,497 
Thereafter— — — — 10,724 10,724 
Total $324,736 $195,924 $105,973 $4,350 $19,572 $650,555 
Less: current maturities— (9,549)(5,158)(4,350)(4,169)(23,226)
Long-term debt$324,736 $186,375 $100,814 $— $15,404 $627,329 
Deferred Financing Costs
Deferred financing costs of $4.5 million related to our term loans and revolving credit facilities as of March 31, 2025, assuming no prepayments, are being amortized in the amounts of $0.9 million for the remainder of 2025, $1.1 million in 2026, $1.0 million in 2027, $0.9 million in 2028, and $0.6 million in 2029.