9. Debt

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


	September 30,		December 31,
	2018		2017
2016 Senior Secured Credit Facility	$	230,300	$	232,063
Other long-term financing(a)		825		—
Less unamortized debt issuance costs		(1,555)		(1,780)
Less unamortized debt discount costs		(1,135)		(1,297)
Less current portion(a)		(2,665)		(2,350)
	$	225,770	$	226,636

(a)

Includes financing assumed with the acquisition of booj. As of September 30, 2018, the carrying value of this financing approximates the fair value.

Maturities of debt are as follows (in thousands):


As of September 30, 2018:
Remainder of 2018	$	663
2019		2,672
2020		2,703
2021		2,424
2022		2,350
Thereafter		220,313
	$	231,125

Senior Secured Credit Facility

On December 15, 2016, RMCO and RE/MAX, LLC, a wholly owned subsidiary of RMCO, entered into a credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and various lenders party thereto (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 an applicable margin of 2.75%. As of September 30, 2018, the interest rate was 4.99%.

As of September 30, 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.