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Debt and Other Obligations
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Debt and Other Obligations Debt and Other Obligations
Debt and other obligations are as follows:
March 31, 2024December 31, 2023
(In millions)
Current
Current portion of Term-Loan$3.0 $3.1 
Deferred debt issuance costs - Term-Loan(0.8)(0.8)
Other short-term debt and obligations142.6 134.7 
Current portion of long-term debt and other financial liabilities144.8 137.0 
Non-current
Term-Loan613.8 621.8 
Deferred debt issuance costs - Term-Loan(2.7)(3.1)
China Term-Loan57.6 58.6 
Long-term debt, net668.7 677.3 
Total $813.5 $814.3 
a.Revolving credit facility
As of March 31, 2024, total capacity under our senior secured revolving credit facility (the “RCF”) and Ancillary facilities is €300 million. There were no borrowings under the RCF as of March 31, 2024 or December 31, 2023.
As of March 31, 2024 and December 31, 2023, availability under the RCF and Ancillary facilities is $192.6 million and $221.6 million, respectively.
b.Other Short-Term borrowings and Obligations
Other short-term debt and obligations are as follows:
March 31, 2024December 31, 2023
(In millions)
Revolving Credit Facility$— $— 
Ancillary Credit Facilities
OEC GmbH outstanding borrowings119.9 88.8 
OEC LLC outstanding borrowings5.8 21.1 
Brazil Uncommitted Local Lines of Credit (capacity $3.2 million)
— — 
Korea Working Capital Loan (capacity $38.9 million)
Uncommitted1.9 1.9 
Committed15.0 20.1 
China Working Capital Loan— 2.8 
Total of Other Short-term Debt and Obligations$142.6 $134.7 
Supplemental information:
Total ancillary capacity - EUR€234.0 €214.0 
Total ancillary capacity - U.S. Dollars$253.0 $236.5 
As of March 31, 2024, we are in compliance with our debt covenants.
For additional information relating to our debt, see “Note J. Debt and Other Obligations”, included in our Annual Report in Form 10-K for the year ended December 31, 2023.