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Long-term Debt and Other Borrowings, Net
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Long-term Debt and Other Borrowings, Net Long-term Debt and Other Borrowings, Net
As of September 30, 2020 Long-term debt and other borrowings, net consisted of the following:
Commencement DateMaturity DateSeptember 30,
2020
December 31, 2019
Revolving line of creditFebruary 2019February 2024$— $— 
Term loan payable; quarterly installments of $15 million began March 31, 2020 with remaining principal due at maturity
February 2019February 20241,140 1,200 
Loan payable with principal due at maturityFebruary 2019March 2023
Finance lease obligations
Total debt and other borrowings1,147 1,207 
Less: current maturities(46)(62)
Total Long-term debt and other borrowings1,101 1,145 
Less: unamortized debt discount(19)(20)
Total Long-term debt and other borrowings, net$1,082 $1,125 

The amount available for borrowing under the revolving line of credit as of September 30, 2020 was $299 million, subject to covenant restrictions.

In February 2020, our credit facility was amended primarily to delay the step down of our leverage covenant from 5.50x to 5.00x until June 30, 2021.

On April 10, 2020, we used $45 million in proceeds from the sale of scil (see Note 3 - Divestiture and Equity Method Investment) to prepay our remaining quarterly principal amortization term loan payments for 2020. Following this prepayment, the next quarterly principal amortization term loan payment of $15 million is due on March 31, 2021.