(Dollars in thousands)	April 3, 2021		March 28, 2020

Revolving credit facility maturing in 2023	$	26,900	$	64,900
Obligations under industrial revenue bonds due 2029		12,430		12,430
Total debt		39,330		77,330
Less current portion		—		—
Total long-term debt	$	39,330	$	77,330

On June 5, 2018, the Company entered into a credit agreement (the “Credit Agreement”) with a syndicate of banks. The Credit Agreement provides for a revolving credit facility of up to $100.0 million, including a letter of credit sub-facility of not less than $45 million. The credit agreement is secured by the assets of certain manufacturing facilities. Initial borrowings under the Credit Agreement were used to repay the Company’s $46.9 million term loans and replace the Company’s existing cash collateralized stand-alone letter of credit facility. During fiscal 2021, the Company elected to repay $38.0 million of the outstanding balance on the revolving credit facility.

The Credit Agreement matures on June 5, 2023 and has no scheduled amortization. The interest rate under the Credit Agreement adjusts based on the first lien net leverage of the Company. From June 5, 2018 through December 31, 2018, the annual interest rate was the selected London Interbank Offered Rate (“LIBOR”) plus 1.75%. Thereafter, the interest rate adjusts based on the first lien net leverage from a high of LIBOR plus 2.25% and ABR plus 1.25% when the first lien net leverage is equal to or greater than 2.00:1.00, to a low of LIBOR plus 1.50% and ABR plus 0.50% when the first lien net leverage is below 0.50:1.00. In addition, the Company is obligated to pay an unused line fee ranging between 0.25% and 0.40% (depending on the first lien net leverage) in respect of unused commitments under the Credit Agreement. At April 3, 2021 the interest rate on borrowings under the Credit Agreement was 1.6% and letters of credit issued under the Credit Agreement totaled $30.4 million. Total available borrowings under the Credit Agreement as of April 3, 2021 were $42.7 million.

Obligations under industrial revenue bonds are supported by letters of credit and bear interest based on a municipal bond index rate. The weighted-average interest rate at April 3, 2021, including related costs and fees, was 2.18%. At March 28, 2020, the weighted-average interest rate, including related costs and fees, was 6.31%. The industrial revenue bonds require lump-sum payments of principal upon maturity in 2029 and are secured by the assets of certain manufacturing facilities.

The Credit Agreement contains covenants that restrict the amount of additional debt, liens and certain payments, including equity buybacks, investments, dispositions, mergers and consolidations, among other restrictions as defined. The Company was in compliance with all covenants of the Credit Agreement as of April 3, 2021.

The Company’s retail operations utilize floor plan financing to fund the acquisition of manufactured homes for display or resale. At April 3, 2021 and March 28, 2020, the Company had outstanding borrowings on floor plan financing agreements of $25.7 million and $33.9 million, respectively. The financing arrangements allow for borrowings up to $50.0 million. Borrowings are secured by the homes and are required to be repaid when the Company sells the home to a customer.