Note 13—Indebtedness

Total borrowings outstanding are summarized as follows:


	As of		As of
	March 31, 2016		June 30, 2015
Short-term foreign borrowings	$	4,559	$	3,488

Term notes:
Dollar Tranche A Term Loan, due September 2020, net of discount		95,940		119,109
Dollar Tranche B Term Loans, due September 2020, net of discount		257,781		319,822
Dollar Tranche C Term Loans, due September 2020, net of discount		104,982		130,030
Sterling Term Loan, due September 2020, net of discount		129,569		219,933
Euro Term Loan, due September 2020, net of discount		151,169		189,831
Bonds Payable, due August 2021, net of discount		196,777		196,327
Other borrowings:
Foreign debt		4,440		8,049
Capital leases		1,084		1,800

Total borrowings outstanding		946,301		1,188,389

Less: short-term foreign borrowings and current portion of long-term debt, net of discount		(14,178)		(15,228)

Long-term debt, less current portion	$	932,123	$	1,173,161

As of March 31, 2016 and June 30, 2015, the fair value of the bonds payable, due August 2021, was $205,500 and $204,000, respectively, and the carrying value was $196,777 and $196,327, respectively. The bonds payable fair value was determined using quoted market prices (level 2). The carrying amount of the Company’s other borrowings approximate their fair value.

During the nine months ended March 31, 2016, the Company made voluntary prepayments of $222,633 on our long term debt, in addition to the periodic principal repayments required under certain agreements. At the time of the prepayments, the Company recognized incremental amortization on the deferred financing and debt discount fees as debt extinguishment charges totaling $3,931 for the nine months ended March 31, 2016.

The Company’s borrowing arrangements, including available borrowings under the Fourth Amendment to the Credit Agreement, are discussed further in the consolidated financial statements for the fiscal year June 30, 2015, and notes thereto included in the Company’s Registration Statement filed on Form S-1. As of March 31, 2016 and June 30, 2015, the Company was in compliance with all associated covenants.