Note 4. Long-Term Debt

Long-term debt was as follows:


	(In thousands)
	June 29,			December 31,
	2013			2012
Senior unsecured notes (fixed 9.75%)	$	200,000		$	200,000
Senior secured term loan (floating 4.75%)		147,625			162,625
Promissory note (fixed 5.0%) and other debt (fixed 5.41%)		3,098			3,119

Total Debt		350,723			365,744
Less Current Portion		3,033			3,042

Total Long-Term Debt	$	347,690		$	362,702

Weighted-average interest rate		7.60	%		7.82	%

On March 28 and April 30, 2013, we made voluntary principal prepayments of $7.5 million each on our senior secured term loan.

On March 28, 2013, we completed a repricing of our senior secured term loan and revolving credit facility (the “Credit Facilities”). The repricing reduced the interest rate spread on the Credit Facilities 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 which were included in selling, general and administrative expenses in the first quarter of 2013.

At June 29, 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 June 29, 2013, we were in compliance with all covenants required by the Credit Facilities’ credit agreement. At June 29, 2013, there were no amounts outstanding that would have triggered the leverage covenant under the Credit Facilities’ credit agreement. However, we would have been in compliance with such leverage covenant.

The carrying amount of long-term debt approximates fair value, except for the senior unsecured notes for which the fair value was $219.5 million. Fair value was 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.