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Debt
 3 Months Ended
Mar. 30, 2025
Debt Disclosure [Abstract]  
Debt Debt
Debt outstanding was as follows:
In millionsMarch 30, 2025December 31, 2024
4.94% Loan Notes due 2026
$25.0 $25.0 
Revolving credit facility20.0 17.2 
Bank overdraft1.1 3.1 
Unamortized debt issuance costs(0.1)(0.2)
Total debt$46.0 $45.1 
Less current portion(1.1)(3.1)
Non-current debt$44.9 $42.0 
The weighted-average interest rate on the revolving credit facility was 6.30% for the First Quarter of 2025 and 7.50% for the full-year 2024.
10.    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 March 30, 2025.
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. With maturity approaching in 2026, we have initiated preliminary steps to evaluate and pursue refinancing options for our 2026 debt obligations.
Senior Facilities Agreement
During the First Quarter of 2025, we drew down net $2.2 million on the Revolving Credit Facility and the balance outstanding at March 30, 2025, was $20.0 million, and at December 31, 2024, was $17.2 million, with $103.0 million undrawn at March 30, 2025, and $107.8 million undrawn at December 31, 2024.
We have been in compliance with the covenants under the Senior Facilities Agreement throughout all of the quarterly measurement dates to March 30, 2025.
Bank Overdraft
The bank overdraft is an uncommitted facility with no expiration date, this is reviewed annually and can be cancelled by either the bank or the Company on demand.