12.

DEBT

At March 31, 2015, and December 31, 2014, debt comprised the following:

(In thousands)	Maturity Dates	March 31, 2015		December 31, 2014
Unsecured private placement notes
3.86%	2019-2025	$	100,000	$	100,000
4.86%	2017-2023		65,000		65,000
5.88%	2016-2022		40,000		40,000
5.69%	2015-2018		22,857		22,857
6.86%	2015		4,284		4,284
Unsecured U.S. bank debt	2019		30,000		20,000
Debt of foreign subsidiaries
Unsecured bank debt, foreign currency	2015		14,388		12,043
Unsecured bank term loan, foreign currency	2021		4,139		4,840
Secured bank term loan, foreign currency	2015		537		2,723
Secured bank debt, foreign currency	2015		1,985		1,638
Unsecured bank debt, U.S. dollars	2015		546		546
Total debt		$	283,736	$	273,931
Less current maturities			27,799		27,034
Long-term debt		$	255,937	$	246,897

The Company has a committed $125,000,000 multi-currency revolving credit agreement that expires in July 2019. The Company maintains standby letters of credit under its workers’ compensation insurance agreements and for other purposes, as needed from time to time, which are issued under the revolving credit agreement. As of March 31, 2015, the Company had outstanding letters of credit totaling $2,952,000 and outstanding borrowing of $30,000,000 under this agreement. There was $92,048,000 available under the revolving credit agreement as of March 31, 2015.

The various loan agreements contain provisions which, among others, require maintenance of certain financial ratios and place limitations on additional debt, investments and payment of dividends. Based on the loan agreement provisions that place limitations on dividend payments, unrestricted retained earnings (i.e., retained earnings available for dividend distribution) were $98,361,000 and $88,684,000 at March 31, 2015 and December 31, 2014, respectively.