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Credit Facilities and Long-Term Debt
 6 Months Ended
Jun. 30, 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):
June 30,December 31,
20252024
2024 Credit Agreement (a)
Multi-currency revolver$309,130 $244,171 
   U.S. dollar term loan(b)
193,547 198,287 
   Euro term loan(b)
113,692 102,908 
Other
20,260 16,948 
Total debt$636,629 $562,314 
Current maturities of debt$30,818 $27,117 
Long-term debt605,811 535,197 
Total debt$636,629 $562,314 
(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, is 5% and 5.6% at June 30, 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 $2.2 million at June 30, 2025 and $2.7 million at December 31, 2024, respectively.
2024 Credit Agreement
Outstanding borrowings, net of unamortized deferred financing costs, and letters of credit under the 2024 credit agreement consist of the following (in millions):
June 30, 2025December 31, 2024
Current maturities of debt$25.2 $25.3 
Long-term debt591.2520.1
Total outstanding borrowings$616.4 $545.4 
Letters of credit$2.5 $2.5 
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 $8.3 million) if borrowings are solely in Polish zloty, or up to 85% of the Polish zloty 30 million limit (approximately $7.1 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 $2.6 million of borrowings outstanding under the overdraft facility at June 30, 2025 and no borrowings outstanding at December 31, 2024.
Maturities of Debt
As of June 30, 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 LoanOther DebtTotal
Remainder of 2025$— $4,776 $2,811 $5,026 $12,613 
2026— 9,606 5,652 1,182 16,440 
2027— 14,655 8,616 1,299 24,570 
2028— 19,703 11,579 1,208 32,490 
2029309,130 144,807 85,034 1,244 540,215 
Thereafter— — — 10,301 10,301 
Total $309,130 $193,547 $113,692 $20,260 $636,629 
Less: current maturities(10,000)(9,572)(5,633)(5,613)(30,818)
Long-term debt$299,130 $183,975 $108,059 $14,647 $605,811 
Deferred Financing Costs
Deferred financing costs of $4.2 million related to our term loans and revolving credit facilities as of June 30, 2025, assuming no prepayments, are being amortized in the amounts of $0.6 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.