Debt Repurchases and Liquidity Update
During the second quarter of 2020, CEIX made mandatory repayments of $7.2 million, $6.3 millionand $0.7 million on our finance leases and asset-backed financing arrangements, Term Loan A and Term Loan B, respectively. This brings our total debt reduction in the quarter to $14.1 million. Given the ongoing economic uncertainty, we chose to maintain our liquidity and not deploy capital toward 2nd lien note repurchases during the 2nd quarter. In aggregate, as of June 30, 2020, our total liquidity was approximately $346 million, including $33 million of cash and cash equivalents, and our $400 million revolving credit facility has no borrowings and is currently only used for providing letters of credit with $88 million issued.
Given the ongoing uncertainty associated with the COVID-19 pandemic-driven economic slowdown, we are working with our customers to manage their shipments and inventory levels. However, due to the difficulty in forecasting the duration of this economic slowdown, our 2020 guidance remains suspended. Nonetheless, our team remains ready for and is looking forward to eventual demand recovery.
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