Debt

Debt, including capital lease obligations, consisted of:



	June 30,		December 31,
(Amounts in thousands, except percentages)	2016		2015(1)
1.25% EUR Senior Notes due March 17, 2022, net of unamortized discount and debt issuance costs of $6,636 and $7,034	$	548,564	$	535,966
4.00% USD Senior Notes due November 15, 2023, net of unamortized discount and debt issuance costs of $3,158 and $3,339	296,842		296,661
3.50% USD Senior Notes due September 15, 2022, net of unamortized discount and debt issuance costs of $4,149 and $4,445	495,851		495,555
Term Loan Facility, interest rate of 1.88% at June 30, 2016 and 1.86% at December 31, 2015, net of debt issuance costs of $952 and $1,181	254,048		283,819
Capital lease obligations and other borrowings	18,908		8,995
Debt and capital lease obligations	1,614,213		1,620,996
Less amounts due within one year	70,656		60,434
Total debt due after one year	$	1,543,557	$	1,560,562

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(1) Prior period information has been updated to conform to presentation requirements as prescribed by ASU No. 2015-03, "Interest - Imputation of Interest (Subtopic 835-30).

Senior Credit Facility

As discussed in Note 10 to our consolidated financial statements included in our 2015 Annual Report, our credit agreement provides for an initial $400.0 million term loan (“Term Loan Facility”) and a $1.0 billion revolving credit facility (“Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Credit Facility”) with a maturity date of October 14, 2020. As of June 30, 2016 and December 31, 2015, we had no amounts outstanding under the Revolving Credit Facility. We had outstanding letters of credit of $103.4 million and $105.2 million at June 30, 2016 and December 31, 2015, respectively, which contributed to the reduction of our borrowing capacity to $877.3 million and $894.8 million, respectively. Our compliance with applicable financial covenants under the Senior Credit Facility is tested quarterly, and we complied with all applicable covenants as of June 30, 2016.

We may prepay loans under our Senior Credit Facility in whole or in part, without premium or penalty, at any time. A commitment fee, which is payable quarterly on the daily unused portions of the Senior Credit Facility, was 0.150% (per annum) during the period ended June 30, 2016. During the six months ended June 30, 2016, we made scheduled repayments of $30.0 million under our Term Loan Facility. We have scheduled repayments of $15.0 million due in each of the next four quarters on our Term Loan Facility.