Note 12—Borrowings

As of June 30, 2016 the Company’s borrowings were as follows:


	3.75% notes		5.125% notes		6.125% notes
(in millions)	due 2022		due 2020		due 2016		Total
Par Value	$	350.0	$	250.0	$	150.0	$	750.0
Unamortized discount		(0.7)		(0.4)		-		(1.1)
Unamortized debt issuance costs		(1.9)		(1.0)		-		(2.9)
Total long-term debt		347.4		248.6		150.0		746.0
Less current portion of long-term debt		-		-		(150.0)		(150.0)
Total long-term debt, net of current portion	$	347.4	$	248.6	$	-	$	596.0

As of December 31, 2015 the Company’s borrowings were as follows:


	3.75% notes		5.125% notes		6.125% notes
(in millions)	due 2022		due 2020		due 2016		Total
Par Value	$	350.0	$	250.0	$	150.0	$	750.0
Unamortized discount		(0.8)		(0.6)		(0.1)		(1.5)
Unamortized debt issuance costs		(2.0)		(1.0)		(0.1)		(3.1)
Total long-term debt		347.2		248.4		149.8		745.4
Less current portion of long-term debt		-		-		(149.8)		(149.8)
Total long-term debt, net of current portion	$	347.2	$	248.4	$	-	$	595.6

Revolving Credit Facilities

As of June 30, 2016, the Company had $600.0 million available under its Third Amended and Restated Credit Agreement (the “Amended Credit Agreement”) administered by JPMorgan Chase Bank, N.A. At June 30, 2016 and December 31, 2015, there were no borrowings under the revolving credit facility.

Uncommitted Line of Credit

The Company also maintains an uncommitted line of credit of which $45.0 million was available for borrowing as of June 30, 2016 and December 31, 2015 and therefore, there were no borrowings under the uncommitted line of credit.

Covenants and Limitations

Under the Company’s debt and credit facilities, the Company is required to meet various restrictive covenants and limitations, including limitations on certain leverage ratios, interest coverage and limits on outstanding debt balances held by certain subsidiaries. The Company was in compliance with all covenants and limitations as of June 30, 2016 and December 31, 2015.

Other Matters

At June 30, 2016, the fair value of the Company’s par value $350 million, 3.75% senior notes due 2022, par value $250 million, 5.125% senior notes due 2020, and par value $150 million, 6.125% senior notes due 2016, using Level 2 inputs in the fair value hierarchy, was $358.1 million, $274.7 million and $150.9 million, respectively. Fair value is estimated based on current yield rates plus the Company’s estimated credit spread available for financings with similar terms and maturities.