Debt

The Company’s debt consisted of the following (in thousands):



	September 24, 2013		December 25, 2012
Term Loan	$	368,125	$	368,125
Senior Notes	190,000		190,000
Revolving Facility ($100 million) ⁽¹⁾	—		—
	558,125		558,125
Less current portion	1,563		—
	$	556,562	$	558,125


⁽¹⁾	The Company had $81.7 million and $81.1 million of borrowing capacity available under its Revolving Facility, net of $18.3 million and $18.9 million of outstanding letters of credit at September 24, 2013 and December 25, 2012, respectively.

The Company’s debt facilities contain restrictions on additional borrowings, certain asset sales, capital expenditures, dividend payments, certain investments and related-party transactions, as well as requirements to maintain various financial ratios. At September 24, 2013, the Company was in compliance with all of its debt covenants.

Under the provisions of the credit agreement for the Term Loan and Revolving Facility (the “Senior Secured Credit Facilities”), the Company is required under certain circumstances to make an excess cash flow mandatory prepayment on the Term Loan not later than 95 days after each fiscal year end. The Company currently expects that it will be required to make a payment in 2014 of between $4.9 million and $6.0 million depending upon the amount of excess cash flow generated during the 2013 fiscal year and the Company’s leverage at fiscal 2013 year-end. As this is a preliminary estimate, the final excess cash flow mandatory prepayment could ultimately differ materially from the amounts reflected above and as such we have not reflected any of this estimate as a current liability.