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REVOLVING CREDIT FACILITY AND LONG-TERM DEBT
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
REVOLVING CREDIT FACILITY AND LONG-TERM DEBT DEBT
Long-term debt consisted of the following (amounts in thousands):
June 30, 2021
Principal BalanceUnamortized Debt IssuanceNet Carrying Amount
7.00% senior secured notes due 2028$400,000 $(5,785)$394,215 
Titan Europe credit facilities42,744 — 42,744 
Revolving credit facility29,000 — 29,000 
Other debt21,067 — 21,067 
     Total debt492,811 (5,785)487,026 
Less amounts due within one year34,296 — 34,296 
     Total long-term debt$458,515 $(5,785)$452,730 
December 31, 2020
Principal BalanceUnamortized Debt IssuanceNet Carrying Amount
6.50% senior secured notes due 2023$400,000 $(3,124)$396,876 
Titan Europe credit facilities49,583 — 49,583 
Other debt18,244 — 18,244 
     Total debt467,827 (3,124)464,703 
Less amounts due within one year31,119 — 31,119 
     Total long-term debt$436,708 $(3,124)$433,584 

Aggregate principal maturities of long-term debt at June 30, 2021 for each of the years (or other periods) set forth below were as follows (amounts in thousands):
July 1 - December 31, 2021$30,640 
202213,581 
202336,627 
20245,487 
20251,421 
Thereafter405,055 
 $492,811 
7.00% senior secured notes due 2028
On April 22, 2021, the Company issued $400.0 million aggregate principal amount of 7.00% senior secured notes due April 2028 (the senior secured notes due 2028). Including the impact of debt issuance costs, these notes had an effective yield of 7.27% at issuance. These notes are secured by the land and buildings of the following subsidiaries of the Company: Titan Wheel Corporation of Illinois; Titan Tire Corporation, Titan Tire Corporation of Freeport, and Titan Tire Corporation of Bryan.
6.50% senior secured noted due 2023
In connection with the issuance of the senior secured notes due 2028, the Company satisfied and discharged the indenture related to the 6.50% senior secured notes due 2023 (senior secured notes due 2023) by completing a call and redemption of all of its outstanding $400.0 million principal amount of the senior secured notes due 2023. In connection with this call and redemption, the Company recorded $16.0 million of expenses included within the loss on senior note repurchase line item within the Condensed Consolidated Financial Statements.

Titan Europe credit facilities
The Titan Europe credit facilities include borrowings from various institutions totaling $42.7 million in aggregate principal amount at June 30, 2021. Maturity dates on this debt range from less than one year to nine years. The Titan Europe facilities are secured by the assets of Titan's subsidiaries in Italy, Spain, Germany, and Brazil.

Revolving credit facility
The Company has a $100 million revolving credit facility with BMO Harris Bank N.A., as agent, and other financial institutions party thereto. The credit facility is collateralized by accounts receivable and inventory of certain of the Company’s domestic subsidiaries and is scheduled to mature in February 16, 2023. From time to time Titan's availability under this credit facility may be less than $100 million as a result of outstanding letters of credit and eligible accounts receivable and inventory balances at certain of its domestic subsidiaries. At June 30, 2021, under the Company's $100 million credit facility there were $29.0 million in borrowings and $10.1 million in outstanding letters of credit, and the amount available for borrowing totaled $59.0 million.

Other debt
The Company has working capital loans at Titan Pneus do Brasil Ltda and Voltyre-Prom at various interest rates, which totaled $11.7 million and $7.6 million at June 30, 2021, respectively. Maturity dates on this debt range from less than one year to two years.