Long-term debt consists of the following (in thousands):

 

On we entered into a -year credit agreement for a revolving line of credit, a term loan and up to of letters of credit.

 

On we entered into a new -year agreement (the “Credit Facility”) for an revolving line of credit (“Line of Credit”), a term loan (“Term Loan”) and up to of letters of credit with a banking syndicate of banks. In addition, the Credit Facility provides a post-closing accordion feature which allows for the Company to request to increase the Line of Credit or Term Loan up to an additional Funds from the Credit Facility be used to pay down its previous credit facility, finance working capital needs and for general corporate purposes in the ordinary course of business (including, without limitation, permitted acquisitions).

Line of Credit and Term Loan indebtedness bears interest at either: () LIBOR, as defined, plus an applicable margin ranging from to or () the alternate base rate (“ABR”), which is the greater of JPMorgan’s prime rate or the federal funds effective rate or the overnight bank funding rate plus We elect the interest rate with each borrowing under the line of credit. In addition, there is an unused line fee of to Letter of credit fees are based on the applicable LIBOR rate.

 

The Term Loan requires quarterly principal payments (the due date was in the amount of (increasing by each year up to in the year). The remaining balance of principal and accrued interest are due on

 

The Credit Facility is secured by all of our assets and requires us to maintain a ratio of funded debt to our trailing quarters of EBIDTA (the “Leverage Ratio”), as defined, of less than to provided that, we once during the term of the Credit Facility, in connection with a Permitted Acquisition for which the aggregate consideration paid or to be paid in respect thereof equals or exceeds elect to increase the maximum Leverage Ratio permitted hereunder to (i)  to for a period of consecutive fiscal quarters commencing with the fiscal quarter in which such Permitted Acquisition occurs (the “Initial Holiday Period”) and (ii)  to for the period of consecutive fiscal quarters immediately following the Initial Holiday Period. The Credit Facility also requires us to maintain a minimum fixed charge coverage ratio of less than to We were in compliance with the required covenants at

 

We incurred origination and debt issuance costs of which are treated as a debt discount and are netted against amounts outstanding on the consolidated balance sheets.

 

Future contractual maturities of debt as of are as follows (in thousands):

 

 

Subsequent to we made in payments under the Line of Credit.