Under the 2022 Credit Agreement, originally closed in May 2022 and amended in September 2022, the Term Facility and the Revolving Credit Facility have the same interest-rate structure. That rate is based on the Secured Overnight Financing Rate (SOFR) plus a spread tied to our consolidated leverage ratio. As of September 30, 2022, the all-in rate was 4.26% based on SOFR plus a 1.225% spread.
The 2022 Credit Agreement entered into in May 2022 included a $600 million term loan and the option of a $50 million delayed draw to finance the LCD acquisition. With the amendment to the agreement, we accelerated the $50 million draw. The structure of our credit facility, particularly the term loan component used for the LCD acquisition, is a good fit for our needs. The prepayable nature of the loan will allow us to use excess cash to pay it down over time. We were able to use a similar funding strategy with the acquisition of DBRS.
As of 9/30/22, 30% of our total debt (excluding capital leases) was fixed rate; the remaining 70% was floating rate. Our average weighted cost of borrowing was 3.67%. We do not currently swap out any of our debt.