Long-Term Debt Long-Term Debt

6 Months Ended

Aug. 02, 2014

Long-Term Debt



In thousands	August 2, 2014		February 1, 2014
Revolver borrowings	$	21,200	$	—
UK term loans	55,167		33,730
Total long-term debt	76,367		33,730
Current portion	29,284		6,793
Total Noncurrent Portion of Long-Term Debt	$	47,083	$	26,937

Long-term debt maturing during each of the next five years ending in January each year is $4.0 million, $35.8 million, $2.1 million, $2.1 million and $2.1 million, respectively, and $9.1 million thereafter.

The Company had $21.2 million in revolver borrowings outstanding under the Credit Facility at August 2, 2014 and had $55.2 million in term loans outstanding under the U.K. Credit Facilities (described below) at August 2, 2014. The Company had outstanding letters of credit of $14.6 million under the Credit Facility at August 2, 2014. These letters of credit support product purchases and lease and insurance indemnifications.

U.K. Credit Facility

In connection with the Schuh acquisition, Schuh entered into an amended and restated Senior Term Facilities Agreement and Working Capital Facility Letter, (collectively, the “UK Credit Facilities”)

which provide for term loans of up to £29.5 million (a £15.5 million A term loan, £14.0 million B term loan), with an additional £12.5 million C term loan added in November 2013.

In June 2014, Schuh Group Limited entered into an Amended and Restated Facilities Agreement to provide for an additional term loan of £12.5 million ("D term loan"). The D term loan bears interest at LIBOR plus 0.95% per annum and expires June 18, 2015.