Debt

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



	June 28, 2016			December 29, 2015
Term Loan	$	396,936		$	401,263
Unamortized debt issuance costs	(6,317		)	(7,581		)
Term Loan notes less unamortized debt issuance costs	390,619			393,682

Senior Notes	190,000			190,000
Unamortized debt issuance costs	(2,205		)	(2,513		)
Senior Notes less unamortized debt issuance costs	187,795			187,487
Revolving Facility ($110 million) ⁽¹⁾	—			—
	578,414			581,169
Less current portion	1,911			4,158
	$	576,503		$	577,011


⁽¹⁾	At June 28, 2016, the Company had $80.4 million of borrowing capacity available under its revolving credit facility (“Revolving Facility”), net of $29.6 million of outstanding letters of credit. At December 29, 2015, the Company had $80.9 million of borrowing capacity available under its Revolving Facility, net of $29.1 million of outstanding letters of credit.

The Company’s debt facilities contain restrictions on additional borrowings, certain asset sales, dividend payments, certain investments and related-party transactions, as well as requirements to maintain various financial ratios. At June 28, 2016, the Company was in compliance with all of its financial 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 made a mandatory prepayment of $3.3 million on March 31, 2016 based on its fiscal 2015 results. The Company currently expects that it will not be required to make a mandatory prepayment in fiscal 2017. However, because this is a preliminary estimate, it is possible that an excess cash flow mandatory prepayment could ultimately be required.