Debt

6 Months Ended

Jun. 30, 2020

The following table sets forth the composition of the Company’s debt as of June 30, 2020 and December 31, 2019:



(in thousands)	June 30, 2020			December 31, 2019
Term loan facility	$	32,375		$	34,125
Less: Debt discount, net	(156		)	(192		)
Less: Debt issuance costs, net	(47		)	(58		)
Net carrying amount of debt	32,172			33,875
Less: Current portion of long-term debt	3,500			3,500
Long-term debt, net	$	28,672		$	30,375

Credit Facilities

As of June 30, 2020, the weighted-average interest rate on the Company’s term loan facility was 3.45%, and the unused commitment fee on its revolving credit facility was 0.25% per annum. There were no outstanding borrowings under the Company’s revolving credit facility as of June 30, 2020 and December 31, 2019.

The Company was in compliance with its debt covenants as of June 30, 2020.

Scheduled Principal Payments

The following table sets forth the Company’s minimum future principal payments under the credit facilities as of June 30, 2020:



(in thousands)	Principal
Years Ending December 31,	Payments
Remaining in 2020	$	1,750
2021	3,500
2022	27,125
Total minimum principal payments	$	32,375