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Debt
6 Months Ended
Jul. 02, 2023
Debt Disclosure [Abstract]  
Debt Debt
Debt outstanding was as follows:
July 2,December 31,
In millions20232022
4.88% Loan Notes due 2023
$ $25.0 
4.94% Loan Notes due 2026
25.0 25.0 
Revolving credit facility68.1 31.9 
Unamortized debt issuance costs(0.7)(0.7)
Total debt92.4 81.2 
Less current portion (25.0)
Non-current debt$92.4 $56.2 
The revolving credit facility is due to mature in 2026.
The weighted-average interest rate on the revolving credit facility was 6.80% for the Second Quarter of 2023 and 3.80% for the full-year 2022.
8.    Debt (continued)
Loan notes due and shelf facility
The Note Purchase Agreement and Private Shelf Agreement requires us to maintain compliance with a minimum interest coverage ratio and a leverage ratio. We have been in compliance with the covenants under the Note Purchase and Private Shelf Agreement throughout all of the quarterly measurement dates from and including September 30, 2014, to July 2, 2023.
The Loan Notes due 2026, the Shelf Facility and the Note Purchase and Private Shelf Agreement are governed by the law of the State of New York. The Loan Notes due 2023 were settled in the Second Quarter of 2023.
Senior Facilities Agreement
During the first half of 2023, we drew down net $35.1 million on the Revolving Credit Facility and the balance outstanding at July 2, 2023, was $68.1 million, and at December 31, 2022, was $31.9 million, with $56.9 million undrawn at July 2, 2023.
We have been in compliance with the covenants under the Senior Facilities Agreement throughout all of the quarterly measurement dates from and including September 30, 2011, to July 2, 2023.