INDEBTEDNESS

9 Months Ended

Sep. 30, 2019

The following table summarizes the Company’s long-term debt as of the dates presented:



	September 30, 2019		December 31, 2018
Revolving credit facility	$	148.5	$	134.5
Term loans	313.7		330.8
Total long-term debt	462.2		465.3
Less: Current maturities of long-term debt	17.0		17.2
Less: Unamortized debt issuance costs	4.4		4.2
Long-term debt, net	$	440.8	$	443.9

Credit Facility

The commitments and available borrowing capacity under the revolving credit facility (the “Revolver”) were as follows as of the dates presented:



	Commitments	Outstanding Borrowings	Letters of Credit Outstanding	Borrowing Capacity
September 30, 2019	$400.0	$148.5	$5.1	$246.4
December 31, 2018	$400.0	$134.5	$5.2	$260.3

On August 26, 2019, the Company entered into a first amendment to the Third Amended and Restated Credit Agreement (the “Credit Agreement Amendment”), dated as of January 23, 2018. The Credit Agreement Amendment, among other things, extends the maturity of the credit facility from January 2023 to August 2024, and reduces both the applicable rate applied to outstanding borrowings and the commitment fee rate applied to the unutilized balance under the Revolver.

The Company incurred $1.9 million of debt issuance costs in connection with the Credit Agreement Amendment, the majority of which were capitalized and will be amortized over the term of the amended credit agreement. The Company also recorded a non-cash charge of approximately $0.4 million for loss on extinguishment of debt related to the balance of unamortized costs associated with lenders that exited the credit facility or reduced their Revolver commitment. The remaining unamortized costs of approximately $3.1 million will also be amortized over the term of the amended credit agreement.

At September 30, 2019, borrowings under the revolving credit facility include $5.0 million at a base rate of 5.50% and $143.5 million at a weighted average LIBOR rate of 3.54%. At December 31, 2018, borrowings under the revolving credit facility include $2.5 million at a base rate of 6.25% and $132.0 million at a weighted average LIBOR rate of 4.25%. At September 30, 2019 and December 31, 2018, the letters of credit issued under the revolving credit facility incurred interest at 1.50% and 1.75%, respectively.

At September 30, 2019, the U.S. term loan and multi-currency term loan incurred interest at 3.54% and 1.50%, respectively. At December 31, 2018 the U.S. term loan and multi-currency term loan incurred interest at 4.27% and 1.75%, respectively. The Eurocurrency rates used for the U.S. dollar-denominated term loan and the Euro-denominated term loan are one-month LIBOR and one-month Euribor, respectively.

The aggregate maturities of long-term debt are as follows:



	Future minimum debt payments
2019	$	4.1
2020	17.0
2021	17.0
2022	17.0
2023	17.0
Thereafter	390.1
Total	$	462.2