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Credit Facilities and Long-Term Debt
 9 Months Ended
Sep. 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):
September 30,December 31,
20252024
2024 Credit Agreement (a)
Multi-currency revolver$266,141 $244,171 
   U.S. dollar term loan (b)
191,162 198,287 
   Euro term loan (b)
112,228 102,908 
Other
19,947 16,948 
Total debt$589,478 $562,314 
Current maturities of debt$50,839 $27,117 
Long-term debt538,639 535,197 
Total debt$589,478 $562,314 
(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, is 4.9% and 5.6% at September 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 $2.1 million at September 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):
September 30, 2025December 31, 2024
Current maturities of debt$45.2 $25.3 
Long-term debt524.3520.1
Total outstanding borrowings$569.5 $545.4 
Letters of credit$4.6 $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 $7.0 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 September 30, 2025 and no borrowings outstanding at December 31, 2024.
Maturities of Debt
As of September 30, 2025, maturities of debt, net of unamortized deferred financing costs, through 2037, assuming no prepayments, are as follows (in thousands):

Multi-Currency RevolverU.S. Dollar Term LoanEuro Term LoanOther DebtTotal
Remainder of 2025$— $2,391 $1,406 $4,727 $8,524 
2026— 9,606 5,648 1,182 16,436 
2027— 14,655 8,611 1,295 24,561 
2028— 19,703 11,573 1,207 32,483 
2029266,141 144,807 84,990 1,243 497,181 
Thereafter— — — 10,293 10,293 
Total $266,141 $191,162 $112,228 $19,947 $589,478 
Less: current maturities(30,000)(9,590)(5,640)(5,609)(50,839)
Long-term debt$236,141 $181,572 $106,588 $14,338 $538,639 
Deferred Financing Costs
Deferred financing costs of $3.9 million related to our term loans and revolving credit facilities as of September 30, 2025, assuming no prepayments, are being amortized in the amounts of $0.3 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.