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Debt Including Capital Lease Obligations | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Debt including capital lease obligations | Debt including capital lease obligations Debt maturing within one year consisted of the following:
In millions | June 30, 2017 |  | December 31, 2016
Current maturities of long-term debt | $ | 15.0 |  |  | $ | 7.5 |
Long-term debt including capital lease obligations consisted of the following:
| June 30, 2017 |  |  |  |
In millions | Interest rate |  | Maturity date |  | June 30, 2017 |  | December 31, 2016
The Facilities: |  |  |  |  |  |  |
Revolving Credit Facility (1) | 2.23% |  | 2021 |  | $ | 101.2 |  |  | $ | 111.9 |
Term Loan Facility | 2.59% |  | 2021 |  | 300.0 |  |  | 300.0 |
Capital lease obligations | 7.67% |  | 2027 |  | 80.0 |  |  | 80.0 |
Total debt including capital lease obligations |  |  |  |  | 481.2 |  |  | 491.9 |
Less: debt issuance costs |  |  |  |  | (2.7 | ) |  | (3.1 | )
Total debt including capital lease obligations, net of debt issuance costs |  |  |  |  | 478.5 |  |  | 488.8 |
Less: debt maturing within one year |  |  |  |  | 15.0 |  |  | 7.5 |
Long-term debt including capital lease obligations |  |  |  |  | $ | 463.5 |  |  | $ | 481.3 |
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(1) | Letters of credit outstanding under the revolving credit facility were $1.8 million and available funds under the facility was $297.0 million at June 30, 2017.
Financial Covenants The Facilities include financial covenants requiring Ingevity to maintain on a consolidated basis a maximum total leverage ratio (as defined in the credit agreement) of 3.75 to 1.00 and a minimum interest coverage ratio (as defined in the credit agreement) of 3.00 to 1.00. We were in compliance with all covenants at June 30, 2017.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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