Outstanding borrowings and available capacity under the Company's borrowing arrangements were as follows:


	Expiration Date	September 30, 2011		June 30, 2011		Unused Available Capacity
		($ in millions)
Short-term borrowings
Term loan facility	(a)	$	—	$	200.0	$	—
Revolving credit facility	(a)		—		200.0		—

Total Short-term borrowings			—		400.0		—

Long-term debt
Term loan facility	September 2016		490.0		—		—
Revolving credit facility	September 2016		—		—		500.0
Senior notes	June 2017		124.3		124.3		—

Total debt		$	614.3	$	524.3	$	500.0

(a)

The outstanding borrowings of $200.0 million on the five-year term loan facility and $200.0 million on the five-year revolving credit facility that were entered into on March 29, 2007 (collectively "the 2007 Credit Facilities") were repaid with proceeds from the $490.0 million five-year term loan facility entered into on September 22, 2011.

Revolving Credit and Term Loan Facilities: On September 22, 2011, the Company entered into a $990.0 million senior unsecured credit facility, consisting of a $490.0 million five-year term loan facility and a $500.0 million five-year revolving credit facility (collectively "the 2011 Credit Facilities"). Borrowings under the five-year term loan facility and five-year revolving credit facility bear interest at LIBOR plus 125 basis points. The five-year revolving credit facility also has an annual facility fee equal to 15 basis points, on the unused portion of the facility. The Company incurred $2.6 million in debt issuance costs to establish these credit facilities, of which $0.1 million of these costs were expensed as incurred and $2.5 million of these costs have been capitalized in Other non-current assets in the Consolidated Balance Sheets and will be amortized to interest expense on a straight-line basis, which approximates the effective interest method, over the terms of these facilities.

The Company used a portion of the 2011 Credit Facilities proceeds to repay $200.0 million of outstanding borrowing under the previous five-year term loan and $200.0 million of outstanding borrowing under the previous five-year revolving credit facility. The previous five-year term loan facility and the previous five-year revolving credit facility both had expiration dates of March 2012 and were cancelled upon repayment.

The 2011 Credit Facilities are subject to covenants, including financial covenants consisting of a leverage ratio and an interest coverage ratio. At September 30, 2011, the Company is not aware of any instances of any non-compliance with the financial covenants of these credit facilities. The 2007 Credit Facilities were subject to covenants, including financial covenants consisting of a leverage ratio and an interest coverage ratio. At June 30, 2011, the Company was not aware of any instances of any non-compliance with the financial covenants of these credit facilities.

The fair value of the fixed-rate senior notes at September 30, 2011 was $130.8 million based on quoted market prices. The carrying value of the variable-rate term loan facility approximates fair value. Amounts are due on the expiration dates listed above.