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Debt
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Debt
7. Debt
The following table summarizes our debt balances and the related weighted average effective interest rates, which includes the effect of interest rate swap agreements.
Debt balance atWeighted average
effective interest rate at
(dollars in thousands)June 30,
2021
December 31,
2020
June 30,
2021
December 31,
2020
Credit facility:
Revolving credit loans$90,000 $69,625 1.73 %1.83 %
Term loans395,000 400,000 2.60 %3.12 %
Real estate loans60,074 60,626 5.22 %5.22 %
Other debt2,232 3,926 5.00 %5.00 %
Total debt547,306 534,177 2.75 %3.21 %
Less: Unamortized discount and debt issuance costs2,422 3,144 
Less: Debt, current portion12,911 12,840 2.61 %2.61 %
Debt, net of current portion$531,973 $518,193 2.76 %3.22 %
2020 credit facility
In October 2020, we entered into a five-year $900.0 million senior credit facility (the "2020 Credit Facility"). At June 30, 2021, we were in compliance with our debt covenants under the 2020 Credit Facility.
Real estate loans
In August 2020, we completed the purchase of our global headquarters facility. As part of the purchase price, we assumed the Seller’s obligations under two senior secured notes with an aggregate outstanding principal amount of $61.1 million (collectively, the “Real Estate Loans”). At June 30, 2021, we were in compliance with our debt covenants under the Real Estate Loans.
Other debt
From time to time, we enter into third-party financing agreements for purchases of software and related services for our internal use. Generally, the agreements are non-interest-bearing notes requiring annual payments. Interest associated with the notes is imputed at the rate we would incur for amounts borrowed under our then-existing credit facility at the inception of the notes.
The following table summarizes our currently effective financing agreements as of June 30, 2021:
(dollars in thousands)Term
 in Months
Number of
Annual Payments
First Annual
Payment Due
Original Loan
Value
Effective dates of agreements:
December 201951January 2020$2,150 
January 202039March 20203,470 
As of June 30, 2021, the required annual maturities related to the 2020 Credit Facility, the Real Estate Loans and our other debt were as follows:
Years ending December 31,
(dollars in thousands)
Annual
maturities
2021 - remaining$5,594 
2022 12,985 
2023 11,983 
2024 11,609 
2025 451,784 
Thereafter53,351 
Total required maturities$547,306