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Debt
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Debt DEBTDebt consists of the following:
June 30, 2020December 31, 2019
Short term debt:
Foreign$357  $1,800  
Short-term debt357  1,800  
Long-term debt:
Credit Agreement359,402  330,700  
Other debt - foreign370  444  
Other debt - domestic4,916  5,145  
Subtotal364,688  336,289  
Less: portion due within one year 14,035  14,208  
Long-term debt350,653  322,081  
Total debt$365,045  $338,089  
Long-term debt as of June 30, 2020 matures in each of the next five calendar-years as follows:
Total20202021202220232024Thereafter
Long-term debt (a)
$364,688  $8,902  $10,313  $345,473  $—  $—  $—  
(a) As of June 30, 2020, long term debt of $14,035 is expected to mature over the following twelve months.

As of June 30, 2020, the Company's senior credit agreement, as amended ("Credit Agreement"), includes a revolving credit facility in an aggregate principal amount not to exceed $500,000 and a $187,500 term loan. The Credit Agreement covers substantially all of the Company's subsidiaries, with the exception of WebBank, and includes a $55,000 sub-facility for swing line loans and a $50,000 sub-facility for standby letters of credit. The term loan requires quarterly amortization equating to $2,500 per quarter. Borrowings under the Credit Agreement bear interest, at the borrower's option, at annual rates of either the Base Rate or the Euro-Rate, as defined, plus an applicable margin as set forth in the Credit Agreement (1.50% and 2.50%), respectively, for Base Rate and Euro-Rate borrowings at June 30, 2020), and the Credit Agreement provides for a commitment fee to be paid on unused borrowings. The weighted average interest rate on the Credit Agreement was 2.72% at June 30, 2020. At June 30, 2020, letters of credit totaling $10,558 had been issued under the Credit Agreement, including $3,242 of the letters of credit guaranteeing various insurance activities, and $7,316 for environmental and other matters. The Credit Agreement permits SPLP, the parent, to fund the dividends on its preferred units and its routine corporate expenses. Upon filing the second quarter bank certification, the Company's total availability under the Credit Agreement, which is based upon earnings and certain covenants as described in the Credit Agreement, will be approximately $231,491 as of June 30, 2020.

On November 14, 2022, the Credit Agreement will expire, and all outstanding amounts will be due and payable. The Credit Agreement is guaranteed by substantially all existing and thereafter acquired assets of the borrowers and the guarantors, as defined in the agreement, and a pledge of all of the issued and outstanding shares of capital stock of each of the borrowers' and guarantors' subsidiaries, and is fully guaranteed by the guarantors. The Credit Agreement is subject to certain mandatory prepayment provisions and restrictive and financial covenants, which include a maximum ratio limit on Total Leverage and a minimum ratio limit on Interest Coverage, as defined. The Company was in compliance with all financial covenants as of June 30, 2020.

On June 26, 2020, the Company repaid approximately $202,500 of borrowings under the Credit Agreement as the Company continually monitors the effects of the COVID-19 outbreak. On July 13, 2020, the Company borrowed approximately $100,000 under the Credit Agreement as part of a precautionary approach to increase the Company's cash position and maximize its financial flexibility in light of the current volatility in the global markets resulting from the COVID-19 outbreak. These borrowings may be used for working capital, general corporate or other permitted purposes.

The tables above do not include the debt of API as it was deconsolidated. See Note 3 - "Discontinued Operations" for further details.