	June 30, 2019			June 30, 2018
Current portion of long-term debt:
Term Loan	$	9,500		$	9,500
Less: unamortized debt issuance costs		(489	)		(493	)
Current portion of long-term debt	$	9,011		$	9,007

Long-term debt, less current portion:
Term Loan	$	171,000		$	180,500
Revolving Facility		—			10,000
Less: unamortized debt issuance costs		(1,261	)		(1,751	)
Total long-term debt, less current portion		169,739			188,749
Total debt	$	178,750		$	197,756

On May 1, 2018, the Company entered into a Credit Agreement (the “2018 Credit Agreement”), by and among the Company, as borrower, BMO Harris Bank N.A., as an issuing lender and swingline lender, Bank of Montreal, as administrative and collateral agent, and the financial institutions or entities that are a party thereto as lenders. The 2018 Credit Agreement provides for i) a $40 million five-year revolving credit facility (the “2018 Revolving Facility”), ii) a $190 million five-year term loan (the “2018 Term Loan”) and, iii) an uncommitted additional incremental loan facility in the principal amount of up to $100 million (“2018 Incremental Facility”). On May 1, 2018, the Company borrowed $200 million under the 2018 Credit Agreement in order to pay off existing debt and for general corporate purposes.

Borrowings under the 2018 Credit Agreement bear interest, at the Company’s election, as of May 1, 2018, at a rate per annum equal to LIBOR plus 1.50% to 2.75%, or the adjusted base rate plus 0.50% to 1.75%, based on the Company’s Consolidated Leverage Ratio. In addition, the Company is required to pay a commitment fee of between 0.25% and 0.40% quarterly (currently 0.35%) on the unused portion of the 2018 Revolving Facility, also based on the Company’s consolidated leverage ratio. Principal installments are payable on the 2018 Term Loan in varying percentages quarterly starting September 30, 2018 and to the extent not previously paid, all outstanding balances are to be paid at maturity. The 2018 Credit Agreement is secured by substantially all of the Company’s assets.

The 2018 Credit Agreement requires the Company to maintain certain minimum financial ratios at the end of each fiscal quarter. The 2018 Credit Agreement also includes covenants and restrictions that limit, among other things, the Company’s ability to incur additional indebtedness, create liens upon any of its property, merge, consolidate or sell all or substantially all of its assets. The 2018 Credit Agreement also includes customary events of default which may result in acceleration of the outstanding balance. At June 30, 2019, we were in compliance with the covenants of the 2018 Credit Agreement.

Financing costs incurred in connection with obtaining long-term financing are deferred and amortized over the term of the related indebtedness or credit agreement. During the year ended June 30, 2018, in conjunction with the 2018 Credit Agreement, as noted above, the Company recorded a loss from an extinguishment of debt of $1.2 million in “Interest expense” in the accompanying consolidated statements of operations and incurred $1.5 million of deferred financing costs.

Amortization of deferred financing costs is included in “Interest expense” in the accompanying consolidated statements of operations, totaled $0.6 million, $0.7 million and $0.5 million in fiscal years 2019, 2018 and 2017, respectively.

The Company had $35.5 million of availability under the 2018 Revolving Facility as of June 30, 2019. The Company had $4.5 million of outstanding letters of credit as of June 30, 2019.

The Company’s debt principal repayment schedule by period is as follows, excluding unamortized debt issuance costs (in thousands):

For the fiscal year ending:
2020	$	9,500
2021		14,250
2022		14,250
2023		142,500
Total	$	180,500