7. Debt



	2013		2012
Revolving credit facility, 1.06% as of September 30, 2013	$	16,300	$	39,500
Sterling revolving credit facility, 1.44% as of September 30, 2013		2,501		8,580
Capital lease obligations ⁽¹⁾		119		441
Total debt and capital lease obligations		18,920		48,521
Less: Long-term portion of capital lease obligations		(16)		(104)
Total debt and capital lease obligations included in current liabilities	$	18,904	$	48,417

(1) The capital lease obligations have varying maturity dates.

Revolving Credit Facility — MWI Co. as borrower, is party to a Credit Agreement dated December 13, 2006, as amended (the “Credit Agreement”), by and among MWI Co., MWI, and Memorial Pet Care, Inc. and Bank of America, N.A. and Wells Fargo Bank, N.A. as lenders (collectively, the “Lenders”). The Credit Agreement allows for an aggregate revolving commitment of the Lenders of $150,000 and a maturity date of November 1, 2016. Under the Credit Agreement, the margin on variable interest rate borrowings ranges from 0.95% to 1.50%. The commitment fee under the Credit Agreement ranges from 0.15% to 0.25% depending on the funded debt to EBITDA ratio. The variable interest rate is equal to the Daily LIBOR Floating Rate or the LIBOR 1-month, 2-month, 3-month or 6-month fixed rate (at MWI Co.’s option) plus the margin. The Credit Agreement contains financial covenants, including a fixed charge ratio and a funded debt to EBITDA ratio. We were in compliance with all of the covenants as of September 30, 2013 and 2012.

Sterling Revolving Credit Facility— On March 15, 2013, Centaur entered into a First Amendment (the “Amendment”) to the unsecured revolving line of credit facility (the “Sterling Revolving Credit Facility”) dated November 5, 2010 with Wells Fargo Bank, N.A. London Branch. The Amendment increases the maximum loan amount of the Sterling Revolving Credit Facility to £20,000, an increase of £7,500, and extends the term of the facility to November 1, 2016. Interest is based on LIBOR for the applicable interest period plus an applicable margin of 0.95% to 1.50%, and the commitment fee ranges from 0.15% to 0.25%, depending on our funded debt to EBITDA ratio. The facility contains a financial covenant requiring Centaur to maintain a minimum tangible net worth of £5,000. As of September 30, 2013 and 2012, Centaur was in compliance with the covenant. Our outstanding balance on the Sterling Revolving Credit Facility at September 30, 2013 was £1,550, or $2,501 using the exchange rate on September 30, 2013. The interest rate for the Sterling Revolving Credit Facility was 1.44% as of September 30, 2013.

Also on March 15, 2013, Centaur entered into an uncommitted overdraft facility (the “Overdraft Facility”) with Wells Fargo. The Overdraft Facility allows Centaur to borrow an additional £10,000 to fund short term normal trading cycle fluctuations. The Overdraft Facility will expire on November 1, 2016. Interest on the borrowing under the Overdraft Facility is the same as the terms under the Amendment.