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Debt Arrangements (Tables)
6 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Debt and Notes Payable
The following summarizes debt and notes payable:

September 30, 2019
OutstandingLines and
March 31,September 30,LettersInterest
(in thousands)20192019AvailableRate
Senior secured credit facility:
ABL facility (1)
$—  $—  $60,000  — %(2) 
Senior notes:
8.5% senior secured first lien notes due 2021 (3)
270,883  271,870  —  8.5 %
9.875% senior secured second lien notes due 2021 (4)
627,147  628,918  —  9.9 %
Other long-term debt688  600  —  5.2 %(2) 
Notes payable to banks (5)
428,961  582,379  237,226  7.0 %(2) 
Total debt$1,327,679  $1,483,767  $297,226  
Short-term$428,961  $582,389  
Long-term:
Current portion of long-term debt$332  $319  
Long-term debt898,386  901,059  
$898,718  $901,378  
Letters of credit$5,399  $6,771  7,141  
Total credit available$304,367  
(1)  As of September 30, 2019, the full amount of the ABL facility was available. Borrowing is permitted under the ABL facility only to the extent that, after consideration of the application of the proceeds of the borrowing, the Company’s unrestricted cash and cash equivalents would not exceed $180 million.
(2)  Weighted average rate for the trailing twelve months ended September 30, 2019.
(3)  Repayment of $271,870 is net of original issue discount of $975 and unamortized debt issuance of $2,154. Total repayment will be $275,000.
(4) Repayment of $628,918 is net of original issue discount of $3,820 and unamortized debt issuance of $2,949. Total repayment will be $635,686.
(5)  Primarily foreign seasonal lines of credit.