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Long-Term Debt
9 Months Ended
Sep. 27, 2014
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
Long-term debt and the current period interest rates were as follows:
 
 
(In thousands)
 
 
September 27,
 
December 31,
 
 
2014
 
2013
Senior unsecured notes (fixed 9.75%)
 
$
200,000

 
$
200,000

Senior secured term loan (floating 4.75%)
 
110,125

 
132,625

Other debt (fixed 5.41%)
 
58

 
77

Total Debt
 
310,183

 
332,702

Less current portion
 
26

 
25

Total long-term debt
 
$
310,157

 
$
332,677

Weighted-average interest rate
 
7.97
%
 
7.76
%


We made a voluntary principal prepayment on our senior secured term loan of approximately $7.5 million each quarter for an aggregate total of approximately $22.5 million in both the nine months ended September 27, 2014 and September 28, 2013.
As of September 27, 2014, we had approximately $58.5 million of unused borrowing capacity under the revolving credit facility, after deducting approximately $1.5 million for standby letters of credit.
As of September 27, 2014, we were in compliance with all covenants required by our amended credit agreement. Also as of September 27, 2014, there were no amounts outstanding that would have triggered the leverage covenant under the Amended Credit Agreement. Under the terms of the credit agreement, if, during a given fiscal quarter, (i) the sum of (a) any amounts outstanding under the revolving credit facility plus (b) the amount drawn under any letters of credit exceeds $1.0 million or (ii) the aggregate amount of outstanding letters of credit exceeds $5.0 million, the revolving credit facility will be subject to a maximum total leverage ratio.
The carrying amount of our long-term debt approximated fair value, except for the senior unsecured notes for which the fair value was approximately $215.0 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.