4. DEBT

At March 31, 2017 and December 31, 2016, the Company’s debt consisted of the followings:


	March 31,		December 31,
(In millions)	2017		2016
Term Loans:
5.79 %, payable through 2020	$	24.5	$	24.5
3.66 %, payable through 2023		59.3		59.3
4.16 %, payable through 2027		55.0		55.0
3.37 %, payable through 2027		75.0		75.0
3.14 %, payable through 2031		200.0		200.0
4.31 %, payable through 2032		37.5		37.5
4.35 %, payable through 2044		100.0		100.0
3.92 %, payable through 2045		75.0		75.0
Title XI Bonds:
5.34 %, payable through 2028		25.3		26.4
5.27 %, payable through 2029		27.5		28.6
Revolving credit facility		99.0		55.0
Capital leases		2.2		2.6
Total Debt		780.3		738.9
Less: Current portion		(31.6)		(31.8)
Total Long-term Debt	$	748.7	$	707.1

The Company’s debt is described in Note 8 to the Consolidated Financial Statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2016.

Revolving Credit Facility: Borrowings under the revolving credit facility are classified as long-term debt in the Condensed Consolidated Balance Sheet, as principal payments are not required until maturity date of July 30, 2020. As of March 31, 2017, the Company had $290.4 million of remaining availability under the revolving credit facility. The interest rate on borrowings under the revolving credit facility approximated 2.19 percent during the three months ended March 31, 2017.