	December 31,			December 31,
(In millions)	2019			2018
Current portion of capital lease	$	0.6		$	0.3
Current portion of Euro term loan		8.9			9.1
Current portion of debt		9.5			9.4

Non-current portion of Euro term loan		41.5		51.4
Senior unsecured credit facility		313.0			202.0
4.7% senior notes — due 2025		300.0			300.0
3.95% senior notes — due 2027		400.0			400.0
Senior notes — original issue discount		(1.7	)		(2.0	)
Senior notes — deferred financing costs		(4.2	)		(4.8	)
Non-current portion of finance leases and other		2.0			0.8
Long-term debt		1,050.6			947.4
Total debt	$	1,060.1		$	956.8

In June 2019, the Company refinanced its senior unsecured credit facility (“the Facility”), increasing borrowing capacity from $700 million to $1 billion. The maturity of the Facility is June 2024. The refinancing provides for a reduction in interest costs, as well as less restrictive covenants. The initial interest rate for the Facility is LIBOR + 1.0%. The interest rate for the revolver at December 31, 2019 is LIBOR + 1.0%. The interest rate ranges from LIBOR + 0.875% to a maximum of LIBOR + 1.50%, depending upon the better of the Company’s leverage ratio or the credit rating. As of December 31, 2019, total borrowings under the Facility were $313.0 million, which approximates fair value. The Facility agreement permits us to issue letters of credit up to an aggregate amount of $50 million. Outstanding letters of credit reduce the amount available for borrowing under the Facility. As of December 31, 2019, there were no issued letters of credit under the Facility, resulting in undrawn availability under the Facility of $687.0 million. The weighted average interest rate for the Facility was 3.93% for the year ended December 31, 2019.

The Facility agreement contains financial and other covenants, including, but not limited to customary restrictions on the incurrence of debt by our subsidiaries and the granting of liens, as well as the maintenance of an interest coverage ratio and a leverage ratio. As defined in the Facility agreement, we are required to maintain a minimum interest coverage ratio of 3.50 (based on the ratio of earnings before interest tax depreciation and amortization, “EBITDA”, to interest expense) and may not exceed a maximum leverage ratio of 3.75 (based on the ratio of total debt to EBITDA) with a step up to 4.25 allowed following certain acquisitions. In addition, the Facility agreement contains other customary terms and conditions such as representations and warranties, additional covenants and events of default.

In 2017, the Company issued $400 million in aggregate principal amount of 3.95% Senior Unsecured Notes due in 2027. The interest rate on these senior notes may be increased by 0.25% each time a credit rating applicable to the notes is downgraded. The maximum rate is 5.95%. The effective interest rate for 2019 was 3.88% inclusive of approximately a 0.25% benefit of treasury locks. The fair value of the senior notes due in 2027 based on quoted prices utilizing Level 2 inputs (as defined in Note 20) was $416.8 million at December 31, 2019. The balance of unamortized deferred financing costs and debt discount related to the senior notes was $3.9 million at December 31, 2019 and $4.4 million at December 31, 2018.

In 2015, the Company issued $300 million in aggregate principal amount of 4.7% Senior Unsecured Notes due in 2025. The interest rate on these senior notes may be increased by 0.25% each time a credit rating applicable to the notes is downgraded. The maximum rate is 6.7% and the rate at December 31, 2019 remained at 4.7%. The conditions and covenants related to the senior notes are less restrictive than those of our Facility. The effective interest rate for 2019 was 4.83%. The fair value of the senior notes based on quoted prices utilizing level 2 inputs was $323.8 million at December 31, 2019. The balance for unamortized deferred financing costs and debt discount related to the senior notes was $2.0 million at December 31, 2019 and $2.4 million at December 31, 2018.

In June 2016, we also entered into a $67.4 million European term loan. The loan had two tranches of which the first tranche for €25 million had a rate of Euribor +1.2% and a final maturity date of June 30, 2023. The second tranche for €35 million had a rate of Euribor +1.25% and a final maturity date of June 30, 2024. There was a zero percent floor on the Euribor. The loans were payable in annual installments, that began on June 30, 2017 and beginning on June 30, 2019, respectively. We had $50.4 million (€44.9 million) outstanding under this loan at December 31, 2019. The Company repaid and terminated the facility in January 2020.