Our short and long term debt as of September 29, 2018 and September 30, 2017 is as follows:



	2018					2017
	Rate		Balance			Rate		Balance
(In thousands)
J.P. Morgan Chase Bank, N.A Secured Term Loan (the "New Term Loan") (1)	4.8	%	$	40,000		—	%	$	—
J.P. Morgan Chase Bank, N.A Secured Credit Facility (the "Credit Facility") (2)	—	%	—			—	%	—
Gordon Brothers Finance Company Secured Term Loan (the "Prior Term Loan") (3)	—	%	—			10.7	%	40,000
Unamortized debt issuance costs ⁽⁴⁾			(236		)			(400		)
Total indebtedness			39,764					39,600
Less short term portion			(6,667		)			—
Long term debt			$	33,097				$	39,600


(1)	Bears interest at a variable rate equal to an adjusted LIBOR plus 2.25% and is payable quarterly. Due in October 2021, with quarterly principal payments beginning in July 2019.

(2)

Allows the Company to borrow up to $80.0 million restricted to the value of the borrowing base which is based on the value of inventory and accounts receivable and is subject to monthly redetermination. Also includes up to $10.0 million for the issuance of letters of credit and up to $8.0 million for swing line loans. The Credit Facility matures in October 2021 and may be drawn as Commercial Bank Floating Rate Loans (at the higher of prime rate or adjusted LIBOR plus 2.50%) or Eurocurrency Loans (at LIBOR plus an applicable margin). The unused portion is subject to an annual commitment fee of 0.2%.


(3)	In July 2018, all outstanding principal, accrued interest and fees were paid in full and the Prior Term Loan was terminated. While outstanding, it bore interest at LIBOR plus 9.5%.


(4)	Debt issuance costs are recorded as debt discount and recorded as interest expense over the term of the agreement.