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Debt
 3 Months Ended
Jul. 27, 2019
Debt Disclosure [Abstract]  
Debt Debt

The following table summarizes components of the Company's debt:
(Dollars in Millions)
 
July 27,
2019
 
April 27,
2019
Revolving Credit Facility
 
$
29.0

 
$
35.0

Term Loan
 
240.6

 
243.7

Other Debt
 
16.2

 
16.8

Unamortized Debt Issuance Costs
 
(2.7
)
 
(2.9
)
Total Debt
 
283.1

 
292.6

Less: Current Maturities
 
(15.4
)
 
(15.7
)
Total Long-term Debt
 
$
267.7

 
$
276.9


Revolving Credit Facility/Term Loan

On September 12, 2018, the Company entered into five-year Amended and Restated Credit Agreement (“Credit Agreement”) with Bank of America, N.A., as Administrative Agent, and Wells Fargo Bank, N.A. The Credit Agreement amends and restates the credit agreement, dated November 18, 2016, among the Company, Bank of America, N.A. and Wells Fargo Bank, N.A. The Credit Agreement consists of a senior unsecured revolving credit facility (“Revolving Credit Facility”) of $200.0 million and a senior unsecured term loan (“Term Loan”) of $250.0 million. In addition, the Company has an option to increase the size of the Revolving Credit Facility and Term Loan by up to an additional $200.0 million. The Credit Agreement is guaranteed by the Company’s wholly-owned U.S. subsidiaries. For the Term Loan, the Company is required to make quarterly principal payments of 1.25% of the original Term Loan ($3.1 million) through maturity, with the remaining balance due on September 12, 2023.
    
Outstanding borrowings under the Credit Agreement bear interest at variable rates based on the type of borrowing and the Company’s debt to EBITDA financial ratio, as defined. The interest rate on outstanding borrowings under the Credit Agreement was 3.76% at July 27, 2019. The Credit Agreement contains customary representations and warranties, financial covenants, restrictive covenants and events of default. As of July 27, 2019, the Company was in compliance with all the covenants in the Credit Agreement.

Other Debt

The Company’s subsidiary, Procoplast, has debt that consists of seventeen notes with maturities ranging from 2019 to 2031. The weighted-average interest rate was approximately 1.5% at July 27, 2019 and $2.8 million of the debt was classified as short-term.

Interest Paid
    
The Company paid interest of $2.9 million and $0.4 million in the three months ended July 27, 2019 and July 28, 2018, respectively.