Long-term debt consisted of the following:


(Dollars in thousands)	July 3, 2021		April 3, 2021
Revolving credit facility maturing in 2023	$	26,900	$	26,900
Obligations under industrial revenue bonds due 2029		12,430		12,430
Total debt		39,330		39,330
Less: current portion		—		—
Total long-term debt	$	39,330	$	39,330

The Company has an agreement with a syndicate of banks that provides for a revolving credit facility of up to $100.0 million, including a letter of credit sub-facility of not less than $45.0 million (“Credit Agreement”). The revolving credit facility allows the Company to draw down, repay and re-draw loans on the available funds during the term of the Credit Agreement.

The Credit Agreement matures on June 5, 2023 and has no scheduled amortization. The interest rate on borrowings under the Credit Agreement adjusts based on the first lien net leverage of the Company 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 July 3, 2021 the interest rate on borrowings under the Credit Agreement was 1.6%. At July 3, 2021, letters of credit issued under the Credit Agreement totaled $30.4 million and total available borrowings 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 July 3, 2021, including related costs and fees, was 2.13%. The industrial revenue bonds require lump-sum payments of principal upon maturity in 2029.

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 July 3, 2021.

On July 7, 2021, the Company entered into an Amended and Restated Credit Agreement which amended and restated the Credit Agreement. See Note 14, "Subsequent Events."

The Company’s retail operations utilize floor plan financing to fund the purchase of manufactured homes for display or resale. At July 3, 2021 and April 3, 2021, the Company had outstanding borrowings on floor plan financing agreements of $28.8 million and $25.7 million, respectively. Total credit line capacity provided under the agreements was $57.0 million as of July 3, 2021. Borrowings are secured by the homes and are required to be repaid when the Company sells the home to a customer.