Long-Term Debt

9 Months Ended

Oct. 27, 2019

Long-term debt and the current period interest rates were as follows:



	Balance as of
(in thousands)	October 27, 2019			January 27, 2019
Term loans	$	101,250		$	115,312
Revolving loans	97,000			97,000
Total debt	198,250			212,312
Current portion, net	(18,306		)	(18,269		)
Total long-term debt	179,944			194,043
Debt issuance costs	(833		)	(1,198		)
Total long-term debt, net of debt issuance costs	$	179,111		$	192,845
Weighted-average interest rate	3.46		%	4.14		%

On November 15, 2016, the Company, with certain of its domestic subsidiaries as guarantors, entered into an amended and restated credit agreement with the lenders party thereto and HSBC Bank USA, National Association, as administrative agent (the "Administrative Agent"), swing line lender and letter of credit issuer, consisting of senior secured term loans in an aggregate principal amount of $150.0 million (the "Term Loans") and senior secured revolving commitments in an aggregate principal amount of $250.0 million (the “Revolving Loans” and together with the Term Loans, the "Credit Facility"). The Credit Facility was scheduled to mature on November 12, 2021, but was amended on November 7, 2019, to provide a more flexible borrowing structure by expanding the borrowing capacity of the Revolving Loans to $600.0 million, eliminating the Term Loans and extending the maturity to November 7, 2024 (see Note 16).

As of October 27, 2019, the Company was in compliance with all financial covenants required under the Credit Facility.

The outstanding principal balance of the Term Loans was subject to repayment in quarterly installments. No amortization was required with respect to the Revolving Loans.

Scheduled maturities of the Term Loans were as follows as of October 27, 2019:



(in thousands)
Fiscal Year Ending:
2020 (remaining three months)	$	4,687
2021	19,688
2022	76,875
Total Term Loans	$	101,250

There were no scheduled principal payments for the Revolving Loans, which had outstanding borrowings of $97.0 million at October 27, 2019, and were due on or before November 12, 2021. As of October 27, 2019, the Company had $153.0 million of unused borrowing capacity under the Revolving Loans, prior to the amendment on November 7, 2019 (see Note 16).

Interest expense was comprised of the following components for the periods presented:



	Three Months Ended				Nine Months Ended
(in thousands)	October 27, 2019		October 28, 2018		October 27, 2019		October 28, 2018
Contractual interest	$	2,064	$	2,224	$	6,881	$	6,346
Amortization of debt discount	84		92		258		282
Amortization of debt issuance costs	35		39		108		117
Total interest expense	$	2,183	$	2,355	$	7,247	$	6,745

As of October 27, 2019, there were no amounts outstanding under the letters of credit, swing line loans and alternative currency sub-facilities.