v3.26.3
Credit Facilities and Long-Term Debt
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Credit Facilities and Long-Term Debt Credit Facilities and Long-Term Debt
Total debt outstanding is summarized as follows (in thousands):
September 30,December 31,
20262025
2024 Credit Agreement (a)
Multi-currency revolver$187,959 $298,426 
   U.S. dollar term loan (b)
181,572 188,771 
   Euro term loan (b)
102,996 110,855 
Other
14,433 20,663 
Total debt$486,960 $618,715 
Current maturities of debt$71,130 $51,988 
Long-term debt415,830 566,727 
Total debt$486,960 $618,715 
(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, is 4.5% and 4.8% at September 30, 2026 and December 31, 2025, respectively. Interest rates primarily consist of Term SOFR for borrowings in U.S. dollars and EURIBOR for borrowings in euros.
(b) Amounts are shown net of unamortized deferred financing costs of $1.4 million at September 30, 2026 and $1.9 million at December 31, 2025, respectively.
2024 Credit Agreement
Outstanding borrowings, net of unamortized deferred financing costs, and letters of credit under the 2024 credit agreement consist of the following (in millions):
September 30, 2026December 31, 2025
Current maturities of debt$71.0 $45.3 
Long-term debt401.5552.8
Total outstanding borrowings$472.5 $598.1 
Letters of credit$4.5 $4.6 
The 2024 Credit Agreement contains customary covenants limiting, among other things, the incurrence of additional indebtedness, the creation of liens, mergers, consolidations, liquidations and dissolutions, sales of assets, dividends and other payments in respect of equity interests, acquisitions, investments, loans and guarantees, subject, in each case, to customary exceptions, thresholds and baskets. The Company is in compliance with its debt covenants. The 2024 Credit Agreement also contains customary events of default.
Polish Overdraft Facility
The Company has an overdraft facility that provides for borrowings of up to Polish zloty 30 million (approximately $7.8 million) if borrowings are solely in Polish zloty, or up to 85% of the Polish zloty 30 million limit (approximately $6.6 million) if borrowings are in euros and/or U.S. dollars. The overdraft facility automatically renews every three months until June 2027, subject to cancellation by either party, at its sole discretion, at least 30 days prior to the commencement of the three-month renewal period. There were no borrowings outstanding under the overdraft facility at September 30, 2026 and $3.6 million of borrowings outstanding at December 31, 2025.
Maturities of Debt
As of September 30, 2026, maturities of debt, net of unamortized deferred financing costs, through 2046, assuming no prepayments, are as follows (in thousands):

Multi-Currency RevolverU.S. Dollar Term LoanEuro Term LoanOther DebtTotal
Remainder of 2026$— $2,406 $1,366 $34 $3,806 
2027— 14,655 8,316 105 23,076 
2028— 19,703 11,179 8 30,890 
2029187,959 144,808 82,135 9 414,911 
2030— — — 39 39 
Thereafter— — — 14,238 14,238 
Total maturities$187,959 $181,572 $102,996 $14,433 $486,960 
Less: current maturities(50,000)(13,393)(7,600)(137)(71,130)
Long-term debt$137,959 $168,179 $95,396 $14,296 $415,830 
Deferred Financing Costs
Deferred financing costs of $2.8 million related to our term loans and revolving credit facilities as of September 30, 2026, assuming no prepayments, are being amortized in the amounts of $0.3 million for the remainder of 2026, $1.0 million in 2027, $0.9 million in 2028, and $0.6 million in 2029.