Long-Term Debt

On November 8, 2016, we entered into a $125.0 million credit facility ("ABL") and a $300.0 million Term Loan with JPMorgan Chase Bank, N.A. ("Credit Agreement"). On December 8, 2017, we amended our Credit Agreement, which decreased the interest rate spread on the Term Loan and the ABL. As of September 21, 2018, the amount that may be borrowed under the ABL was increased to $165.0 million.

The Credit Agreement contains certain financial covenants. As of February 23, 2019, we are in compliance with all financial covenants of the Credit Agreement.

The components of long-term debt are as follows:



(in thousands)	February 23, 2019			August 25, 2018
ABL	$	23,330		$	38,532
Term Loan	260,000			260,000
Long-term debt, excluding debt issuance costs	283,330			298,532
Debt issuance cost, net	(6,412		)	(7,091		)
Long-term debt	276,918			291,441
Less current maturities	2,750			—
Long-term debt, less current maturities	$	274,168		$	291,441

As of February 23, 2019, the fair value of long-term debt, excluding debt issuance costs, was $278.1 million. As of August 25, 2018, the fair value of long-term debt, excluding debt issuance costs, approximated the carrying value.

Aggregate contractual maturities of debt in future fiscal years are as follows:



(in thousands)	Amount
Fiscal 2019	$	—
Fiscal 2020	10,250
Fiscal 2021	15,000
Fiscal 2022	15,000
Fiscal 2023	219,750
Total Term Loan	$	260,000