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Long-Term Debt | 9 Months Ended
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Mar. 31, 2019
Debt Disclosure [Abstract] |
Long-Term Debt | 10. Long-Term Debt Debt Obligations The following table presents the total balances outstanding for UNIFI’s debt obligations, their scheduled maturity dates and the weighted average interest rates for borrowings as well as the applicable current portion of long-term debt:
|  |  |  | Weighted Average |  |  |  |
|  | Scheduled |  | Interest Rate as of |  |  | Principal Amounts as of |
|  | Maturity Date |  | March 31, 2019 |  |  | March 31, 2019 |  |  | June 24, 2018 |
ABL Revolver |  | December 2023 |  | 3.7% |  |  | $ | 24,000 |  |  | $ | 28,100 |
ABL Term Loan (1) |  | December 2023 |  | 3.3% |  |  |  | 100,000 |  |  |  | 85,000 |
Capital lease obligations |  | (2) |  | 3.9% |  |  |  | 12,879 |  |  |  | 18,107 |
Total debt |  |  |  |  |  |  |  |  | 136,879 |  |  |  | 131,207 |
Current portion of capital lease obligations |  |  |  |  |  |  |  |  | (6,054 | ) |  |  | (6,996 | )
Current portion of other long-term debt |  |  |  |  |  |  |  |  | (10,000 | ) |  |  | (10,000 | )
Unamortized debt issuance costs |  |  |  |  |  |  |  |  | (1,021 | ) |  |  | (658 | )
Total long-term debt |  |  |  |  |  |  |  | $ | 119,804 |  |  | $ | 113,553 |
(1) | Includes the effects of interest rate swaps.
(2) | Scheduled maturity dates for capital lease obligations range from August 2019 to November 2027.
ABL Facility On December 18, 2018, Unifi, Inc. and certain of its subsidiaries entered into a Third Amendment to Amended and Restated Credit Agreement and Second Amendment to Amended and Restated Guaranty and Security Agreement (the “2018 Amendment”). The 2018 Amendment amended the Amended and Restated Credit Agreement, dated as of March 26, 2015, among Unifi, Inc. and a syndicate of lenders, as previously amended (as further amended by the 2018 Amendment, the “Credit Agreement”). The Credit Agreement provides for a $200,000 senior secured credit facility (the “ABL Facility”), including a $100,000 revolving credit facility (the “ABL Revolver”) and a term loan that can be reset up to a maximum amount of $100,000, once per fiscal year, if certain conditions are met (the “ABL Term Loan”). The ABL Facility has a maturity date of December 18, 2023. The 2018 Amendment made the following changes to the Credit Agreement, among others: (i) extended the Maturity Date from March 26, 2020 to December 18, 2023, and (ii) decreased the Applicable Margin pricing structure for Base Rate Loans and LIBOR Rate Loans by 25 basis points. In addition, in connection with the 2018 Amendment, the principal amount of the Term Loan was reset from $80,000 to $100,000. Net proceeds from this Term Loan reset were used to pay down the amount outstanding on the ABL Revolver. Scheduled Debt Maturities The following table presents the scheduled maturities of UNIFI’s outstanding debt obligations for the remainder of fiscal 2019, the following four fiscal years and thereafter:
|  | Fiscal 2019 |  |  | Fiscal 2020 |  |  | Fiscal 2021 |  |  | Fiscal 2022 |  |  | Fiscal 2023 |  |  | Thereafter |
ABL Revolver |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 24,000 |
ABL Term Loan |  |  | 2,500 |  |  |  | 10,000 |  |  |  | 10,000 |  |  |  | 10,000 |  |  |  | 10,000 |  |  |  | 57,500 |
Capital lease obligations |  |  | 1,704 |  |  |  | 5,559 |  |  |  | 2,633 |  |  |  | 2,417 |  |  |  | 90 |  |  |  | 476 |
Total |  | $ | 4,204 |  |  | $ | 15,559 |  |  | $ | 12,633 |  |  | $ | 12,417 |  |  | $ | 10,090 |  |  | $ | 81,976 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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