The following table summarizes the Company’s total outstanding borrowings (in thousands):



	Amount Outstanding December 31,		Amount Outstanding December 31,
Description:	2015		2014
Term loan (1)	$	380,000	$	400,000
Revolver (1), (2)	440,000		—
Other (3)	5,000		5,000
Total (4), (5)	$	825,000	$	405,000


(1)	The contractual annual interest rate as of December 31, 2015 on both the term loan and the revolver was 1.80%, which consisted of a floating Eurodollar base rate of 0.42% plus a margin of 1.38%. However, the Company has interest rate swap contracts which convert the floating eurodollar base rate to a fixed base rate on $700.0 million of borrowings (see below).


(2)	The Company had $656.0 million of available borrowing capacity on the revolver (not including the expansion feature) as of December 31, 2015.

(3)

Consists of a $5.0 million State of Connecticut economic development loan with a 3.0% fixed rate of interest. The loan was originated in 2012 and has a 10 year maturity. Principal payments are deferred for the first five years and the loan may be repaid at any point by the Company without penalty. The loan has a principal forgiveness provision in which up to $2.5 million of the loan may be forgiven if the Company meets certain employment targets during the first five years of the loan.


(4)	As of December 31, 2015, $35.0 million of the debt was classified as short term and $790.0 million was classified as long term on the Consolidated Balance Sheets.


(5)	The weighted-average annual interest rate on the Company's outstanding debt as of December 31, 2015 was 2.76%, which includes the impact of the Company's interest swap contracts.