Debt and Finance Lease Obligations

3 Months Ended

Mar. 31, 2020

Outstanding debt and finance lease obligations consist of the following (in thousands):



	March 31, 2020			December 31, 2019
U.S. Credit Agreement
Revolver	$	33,268		$	30,200
Equipment loan	5,262			5,426
Debt issuance costs	(283		)	(303		)
Finance Leases	1,852			2,177
Other	254			300
Total	40,353			37,800
Less current portion of long-term debt	3,040			2,971
Long-term debt, less current portion	$	37,313		$	34,829

U.S. Credit Agreement

On November 1, 2018, we entered into Amendment No. 1 to our Credit Agreement with Regions Bank (the “Amended Facility”). The Amended Facility provided for an increase in availability of our revolving loans to $60.0 million, with the ability for a further increase of $20.0 million to $80.0 million, and the elimination of the term loan. Amounts outstanding under the term loan were reconstituted as revolving loans. The Amended Facility also extended the maturity date to November 1, 2023 and provided for additional $10.0 million in equipment financing.

As of March 31, 2020, we had $11.2 million of available credit under the revolving loan facility. As of March 31, 2020 and December 31, 2019, the weighted average interest rate on the revolving loan facility was 3.10% and 3.96%, respectively.

As of March 31, 2020, we had $4.2 million of available credit in equipment financing.

As of March 31, 2020, we were in compliance with all debt covenants.