The following table summarizes NCM LLC’s total outstanding debt as of June 25, 2020 and December 26, 2019 and the significant terms of its borrowing arrangements (in millions): | | | | | | | | | | | | | | | | Outstanding Balance as of | | | | | Borrowings | | June 25, 2020 | | December 26, 2019 | | Maturity Date | | Interest Rate | Revolving credit facility | | $ | 167.0 |
| | $ | 39.0 |
| | June 20, 2023 | | (1) | Term loans | | 265.3 |
| | 266.6 |
| | June 20, 2025 | | (1) | Senior unsecured notes due 2026 | | 230.0 |
| | 230.0 |
| | August 15, 2026 | | 5.750% | Senior secured notes due 2028 | | 400.0 |
| | 400.0 |
| | April 15, 2028 | | 5.875% | Total borrowings | | 1,062.3 |
| | 935.6 |
| | | | | Less: debt issuance costs related to term loans and senior notes | | (8.7 | ) | | (9.0 | ) | | | | | Total borrowings, net | | 1,053.6 |
| | 926.6 |
| | | | | Less: current portion of debt | | (2.7 | ) | | (2.7 | ) | | | | | Carrying value of long-term debt | | $ | 1,050.9 |
| | $ | 923.9 |
| | | | |
___________________________________________________(1) The interest rates on the revolving credit facility and term loan are described below.
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