9. Debt

Debt, net of current portion, consists of the following (in thousands):


	March 31,		December 31,
	2018		2017
Senior Secured Credit Facility	$	231,475	$	232,063
Less unamortized debt issuance costs		(1,705)		(1,780)
Less unamortized debt discount costs		(1,244)		(1,297)
Less current portion		(2,350)		(2,350)
	$	226,176	$	226,636

Maturities of debt are as follows (in thousands):


As of March 31, 2018:
Remainder of 2018	$	1,763
2019		2,350
2020		2,350
2021		2,350
2022		2,350
Thereafter		220,312
	$	231,475

Senior Secured Credit Facility

RE/MAX, LLC is party to a credit agreement, dated December 15, 2016, with JPMorgan Chase Bank, N.A., as administrative agent, and various lenders (the “Senior Secured Credit Facility”). Borrowings under the term loans and revolving loans, if any outstanding, accrue interest at LIBOR (as long as LIBOR is not less than the floor of 0.75%) plus a maximum applicable margin of 2.75%. As of March 31, 2018, the interest rate was 5.05%.

As of March 31, 2018, the Company had no revolving loans outstanding under its Senior Secured Credit Facility. Whenever amounts are drawn under the revolving line of credit, the Senior Secured Credit Facility requires compliance with a leverage ratio and an interest coverage ratio. A commitment fee of 0.5% per annum accrues on the amount of unutilized revolving line of credit.