Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Borrowings consist of the following:



December 31, (dollars in thousands)	Interest Rate		Maturity Date	2018		2017
Borrowings under ABL Facility	floating	⁽²⁾	December 7, 2022 ⁽¹⁾	$	19,868	$	—
Term Loan B	floating	⁽³⁾	April 9, 2021	380,200		384,600
AICEP Loan	0.00%		July 30, 2018	—		3,085
Total borrowings				400,068		387,685
Less — unamortized discount and finance fees				2,368		3,295
Total borrowings — net				397,700		384,390
Less — long term debt due within one year				4,400		7,485
Total long-term portion of borrowings — net				$	393,300	$	376,905

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⁽¹⁾ Maturity date will be January 9, 2021, if Term Loan B is not refinanced by this date.

⁽²⁾ The interest rate for the ABL Facility is comprised of several different borrowings at various rates. The weighted average rate of all ABL Facility borrowings was 1.94 percent at December 31, 2018.

⁽³⁾See interest rate swaps under "Term Loan B" below and note 12.

Schedule of Annual Maturities of Borrowings

Annual maturities for all of our total borrowings for the next five years and beyond are as follows:



2019	2020	2021	2022	2023	Thereafter
$4,400	$4,400	$391,268	$—	$—	$—