3. Debt

Debt, in order of priority, consists of:

(in thousands)	March 30, 2013		December 29, 2012
Senior credit agreement:
Revolving credit facility	$	10,000	$	35,000
Term loan facility	288,750		296,250
	298,750		331,250
7.5% senior notes	365,000		365,000
	663,750		696,250
Less current portion, including borrowings under the revolving credit facility	25,000		50,000
Long-term debt	$	638,750	$	646,250

On June 29, 2012, the Company refinanced its previous senior secured credit agreement with a new senior secured credit agreement. The credit agreement provides for a $150,000,000 revolving credit facility ($50,000,000 of which was borrowed in connection with the refinancing) and a $300,000,000 term loan facility. The proceeds from the credit agreement were used to pay outstanding principal and interest under the previous credit agreement and loan acquisition costs of $6,228,000, which were capitalized and will be amortized over the life of the credit agreement. In connection with the refinancing, the Company wrote-off unamortized loan acquisition costs of $2,478,000 associated with the previous credit agreement. Interest rates under the credit agreement are, at the Company’s option, equal to either an alternate base rate or the Eurocurrency base rate, plus a specified margin.

At March 30, 2013, the Company had $10,000,000 outstanding under the revolving credit facility and $140,000,000 available for borrowing. The revolving credit facility matures in June 2017. The Company intends to pay back outstanding borrowings under the revolving credit facility within the next twelve months and accordingly, has included these borrowings in “Current portion of debt” in the accompanying condensed consolidated balance sheets.