DEBT

6 Months Ended

Jun. 30, 2019

DEBT

DEBT

6.          DEBT

At June 30, 2019 and December 31, 2018, the Company’s debt consisted of the following:

	June 30,		December 31,
(In millions)	2019		2018
Private Placement Term Loans:
5.79 %, payable through 2020	$	7.0	$	10.5
3.66 %, payable through 2023		41.0		41.0
4.16 %, payable through 2027		44.5		44.5
3.37 %, payable through 2027		75.0		75.0
3.14 %, payable through 2031		194.0		200.0
4.31 %, payable through 2032		32.7		32.7
4.35 %, payable through 2044		100.0		100.0
3.92 %, payable through 2045		71.4		71.4
Title XI Bonds:
5.34 %, payable through 2028		20.9		22.0
5.27 %, payable through 2029		23.1		24.2
Revolving credit facility, maturity date of June 29, 2022		235.0		235.0
Capital leases		—		0.1
Total Debt		844.6		856.4
Less: Current portion		(53.6)		(42.1)
Total Long-term Debt	$	791.0	$	814.3

The Company’s debt is described in Note 8 to the Consolidated Financial Statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Borrowings under the revolving credit facility are classified as long-term debt in the Condensed Consolidated Balance Sheets, as principal payments are not required until the maturity date of June 29, 2022.

As of June 30, 2019, the Company had $217.8 million of remaining availability under the revolving credit facility. The average interest rate on borrowings under the revolving credit facility was approximately 3.93 percent during the three months ended June 30, 2019.