Note 11. Long-Term Debt

Long-term debt, net consisted of the following:


	March 31,		June 30,
(In thousands)	2019		2018
Term Loan A due 2020; 7.50% as of March 31, 2019	$	198,605	$	227,276
Unamortized discount and other debt issuance costs		(7,177)		(10,178)
Term Loan A, net		191,428		217,098
Term Loan B due 2022; 7.87% as of March 31, 2019		624,304		670,011
Unamortized discount and other debt issuance costs		(37,546)		(47,839)
Term Loan B, net		586,758		622,172
Revolving Credit Facility due 2020		—		—
Total debt, net		778,186		839,270
Less short-term borrowings and current portion of long-term debt		(66,845)		(66,845)
Total long-term debt, net	$	711,341	$	772,425

On December 10, 2018, the Company entered into an amendment to the Senior Secured Credit Facility and the Credit and Guaranty Agreement. Pursuant to the amendment, the Secured Net Leverage Ratio applicable to the financial leverage ratio covenant was increased from 3:25:1.00 to 4.25:1.00 as of December 31, 2019 and prior to September 30, 2020, and then to 4:00:1:00 as of September 30, 2020. In exchange, the Company agreed to include a minimum liquidity covenant of $75 million, a 25-basis point increase to the interest rate margin paid on the Term A Loans and pay a consent fee equal to 50 basis points, paid only to consenting lenders.

In February 2019, a Special Committee of the Board of Directors authorized the Company to repurchase up to $50 million of its Term Loans. In March 2019, the Company completed the purchse of $24.2 million principle amount of its Term Loans in open market transactions. The purchases comprised $8.0 million and $16.2 million of the Term A Loans and Term B Loans, respectively. As a result of the purchases, the Company recorded a loss on extinguishment of debt of $0.4 million on the Consolidated Statement of Operations.

Long-term debt amounts due, for the twelve-month periods ending March 31 are as follows:


	Amounts Payable
(In thousands)	to Institutions
2020	$	66,845
2021		210,450
2022		39,344
2023		506,270
Total	$	822,909