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Long-Term debt

6 Months Ended

Jun. 30, 2019

Note 7 - Long-term debt:

	December 31,		June 30,
	2018		2019
	(In millions)
Kronos International, Inc. 3.75% Senior Secured Notes	$	452.4	$	449.7
Other		4.2		4.0
Total debt		456.6		453.7
Less current maturities		1.5		1.5
Total long-term debt	$	455.1	$	452.2

Senior Secured Notes - At June 30, 2019, the carrying value of our 3.75% Senior Secured Notes due September 15, 2025 (€400 million aggregate principal amount outstanding) is stated net of unamortized debt issuance costs of $5.8 million.

Revolving credit facilities - During the first six months of 2019, we had no borrowings or repayments under our North American revolving credit facility and our European revolving credit facility. At June 30, 2019, approximately $122.3 million was available for borrowing under the North American revolving credit facility. Our European revolving credit facility requires the maintenance of certain financial ratios, and one of such requirements is based on the ratio of net debt to last twelve months earnings before income tax, interest, depreciation and amortization expense (EBITDA) of the borrowers. Based upon the borrowers’ last twelve months EBITDA as of June 30, 2019 and the net debt to EBITDA financial test, the full €90.0 million amount of the credit facility ($102.5 million) is available for borrowing at June 30, 2019.

Other - We are in compliance with all of our debt covenants at June 30, 2019.