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Debt | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Debt | 8. Debt Financial Covenants The 2017 Credit Agreement contains customary representations, warranties and covenants, including, but not limited to, covenants restricting the company’s ability to incur indebtedness and liens and merge or consolidate with another entity. The 2017 Credit Agreement also contains financial covenants requiring us to maintain a net leverage ratio of consolidated net indebtedness to consolidated earnings before income, taxes, depreciation and amortization, subject to certain adjustments ("Adjusted EBITDA") of not greater than 4.00 to 1, as well as requiring us to maintain an interest coverage ratio of consolidated Adjusted EBITDA to consolidated interest expense of no less than 3.50 to 1 for the quarter ended June 30, 2019. The 2017 Credit Agreement also contains a financial covenant requiring us to maintain a senior secured net leverage ratio of consolidated senior secured net indebtedness to consolidated Adjusted EBITDA ratio of not greater than 3.50 to 1. These financial covenants may restrict our ability to pay dividends and purchase outstanding shares of our common stock. In connection with the closing of the Gaomei acquisition, we elected an acquisition holiday as provided for under the 2017 Credit Agreement, which increased the net leverage ratio from 4.00 to 1 to 4.50 to 1 and the senior secured net leverage ratio from 3.50 to 1 to 4.00 to 1 during each quarter of 2019. We were in compliance with our financial covenants at June 30, 2019. Debt Outstanding Debt outstanding at June 30, 2019 and December 31, 2018 consisted of the following:
| June 30, 2019 |  | December 31, 2018
Bank Borrowings | $ | — |  |  | $ | 3.9 |
Senior Unsecured Notes | 300.0 |  |  | 300.0 |
Credit Facility Borrowings | 56.0 |  |  | 53.0 |
Secured Borrowings | 2.2 |  |  | 2.4 |
Finance Lease Liabilities | 0.4 |  |  | 0.5 |
Unamortized Debt Issuance Costs | (4.2 | ) |  | (4.7 | )
Total Debt | 354.4 |  |  | 355.1 |
Less: Current Portion of Long-Term Debt(a) | (8.3 | ) |  | (27.0 | )
Long-Term Debt | $ | 346.1 |  |  | $ | 328.1 |
(a) | Current portion of long-term debt includes a $7.0 million anticipated repayment on Credit Facility Borrowings under our 2017 Credit Agreement, $1.1 million of current maturities of secured borrowings and $0.2 million of current maturities of finance lease liabilities.
As of June 30, 2019, we had outstanding borrowings under our Senior Unsecured Notes of $300.0 million. In addition, we had outstanding borrowings of $56.0 million under our revolving facility and had letters of credit and bank guarantees outstanding in the amount of $3.3 million, leaving approximately $140.7 million of unused borrowing capacity on our revolving facility. Although we are not required to make a minimum principal payment during the next 12 months, we have both the intent and the ability to pay an additional $7.0 million on our credit facility borrowings during the next year. As such, we have classified $7.0 million as current maturities of long-term debt. Commitment fees on unused lines of credit for the six months ended June 30, 2019 were $0.3 million. The overall weighted average cost of debt is approximately 5.4% and net of a related cross-currency swap instrument is approximately 4.5%. Further details regarding the cross-currency swap instrument are discussed in Note 10.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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