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Long-Term Debt
6 Months Ended
Jun. 26, 2021
Debt Disclosure [Abstract]  
Long-Term Debt

(5) Long-Term Debt

On September 1, 2016, Weis Markets entered into a revolving credit agreement with Wells Fargo Bank, National Association (the “Credit Agreement”), which was amended on August 21, 2019, and matures on September 1, 2022. The Credit Agreement provides for an unsecured revolving credit facility with an aggregate principal amount not to exceed $30.0 million with an additional discretionary amount available of $70.0 million. As of June 26, 2021, the availability under the revolving credit agreement was $25.3 million, net of $4.7 million letters of credit. The letters of credit are maintained primarily to support performance, payment, deposit or surety obligations of the Company. The Company has not had an obligation on the Credit Agreement since the second fiscal quarter of 2018.

Interest expense related to long-term debt was $8 thousand and $10 thousand in the thirteen weeks ended June 26, 2021, and June 27, 2020, respectively. In the first twenty-six weeks of 2021 and 2020, interest expense related to long-term debt totaled $16 thousand and $18 thousand, respectively.