Debt

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



	September 29, 2015		December 30, 2014
Term Loan	$	402,302	$	405,421
Senior Notes	190,000		190,000
Revolving Facility ($110 million) ⁽¹⁾	—		—
	592,302		595,421
Less current portion	4,158		4,158
	$	588,144	$	591,263


⁽¹⁾	The Company had $90.9 million of borrowing capacity available under its revolving credit facility (“Revolving Facility”), net of $19.1 million of outstanding letters of credit at September 29, 2015 and at December 30, 2014.

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 29, 2015, the Company was in compliance with all of its debt covenants.

Based upon the amount of excess cash flow generated during the fiscal year and the Company’s leverage at fiscal year end, each of which is defined in the credit agreement governing the term loan, the Company may be required to make an excess cash flow mandatory prepayment. The excess cash flow mandatory prepayment is an annual requirement under the credit agreement and is due 95 days after the end of each fiscal year. The Company currently estimates that it may be required to make a payment of $6.0 million to $8.0 million in fiscal 2016. However, because this is a preliminary estimate, the final excess cash flow mandatory prepayment could ultimately differ materially from the amounts reflected and as such the Company has not reflected any of this estimate as a current liability.