Note 4. Long-Term Debt

Long-term debt was as follows:


	(In thousands)
	March 30,			December 31,
	2013			2012
Senior unsecured notes (fixed 9.75%)	$	200,000		$	200,000
Senior secured term loan (floating 4.75%)		155,125			162,625
Promissory note (fixed 5.0%) and other debt (fixed 5.41%)		3,109			3,119

Total Debt		358,234			365,744
Less Current Portion		3,038			3,042

Total Long-Term Debt	$	355,196		$	362,702

Weighted-average interest rate		7.54	%		7.82	%

On March 28, 2013, we made a voluntary principal prepayment of $7.5 million on our senior secured term loan (the “term loan”).

On March 28, 2013, we completed a repricing of our term loan and revolving credit facility. The repricing reduced the interest rate spread on the term loan and loans under the revolving credit facility by 50 basis points and the interest rate floor by 25 basis points. In connection with this repricing, we recognized $0.5 million of financing and legal costs included in selling, general and administrative expenses.

At March 30, 2013, we had $58.4 million of unused borrowing capacity under the revolving credit facility, after deducting $1.6 million for standby letters of credit.

At March 30, 2013, we were in compliance with all covenants under the term loan and revolving credit facility credit agreement. At March 30, 2013, there were no amounts outstanding that would have triggered the leverage covenant. However, we would have been in compliance with such leverage covenant.

The carrying amount of long-term debt approximates fair value, which was currently estimated using Level 2 inputs, based on the terms of the related debt, recent transactions and estimates using interest rates currently available to us for debt with similar terms and remaining maturities, except for the senior unsecured notes, for which the fair value was $221 million.