DEBT

9 Months Ended

Sep. 30, 2019

DEBT

DEBT

6.          DEBT

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

	September 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		36.5		41.0
4.16 %, payable through 2027		41.9		44.5
3.37 %, payable through 2027		75.0		75.0
3.14 %, payable through 2031		188.0		200.0
4.31 %, payable through 2032		31.4		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		19.8		22.0
5.27 %, payable through 2029		22.0		24.2
Revolving credit facility, maturity date of June 29, 2022		290.0		235.0
Capital leases		—		0.1
Total Debt		883.0		856.4
Less: Current portion		(48.4)		(42.1)
Total Long-term Debt	$	834.6	$	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 September 30, 2019, the Company had $168.1 million of remaining availability under the revolving credit facility. The average interest rate on borrowings under the revolving credit facility was approximately 3.73 percent during the three months ended September 30, 2019.