request an increase in either the committed or uncommitted revolving line of credit up to €80.0 million ($89.9 million as of June 30, 2020) in aggregate. The revolving lines of credit mature in April 2023, subject to BrandLoyalty’s request to extend for two additional one-year terms at the discretion of the lenders. As of June 30, 2020, we had no amounts outstanding under our BrandLoyalty Credit Agreement.
As of June 30, 2020, we had $400.0 million outstanding under our revolving line of credit and total availability of $350.0 million. Our total leverage ratio, as defined in our credit agreement, was less than 2.0 to 1 at June 30, 2020, as compared to the maximum covenant ratio of 3.5 to 1.
As of June 30, 2020, we were in compliance with our debt covenants.
Funding Sources
Deposits
We utilize certificates of deposit and money market deposits to finance the operating activities, including funding for our non-securitized credit card receivables, and fund securitization enhancement requirements of our bank subsidiaries, Comenity Bank and Comenity Capital Bank.
As of June 30, 2020, we had $7.2 billion in certificates of deposit outstanding with interest rates ranging from 1.00% to 4.00% and maturities ranging from July 2020 to June 2025. Certificate of deposit borrowings are subject to regulatory capital requirements.
As of June 30, 2020, we had $4.0 billion in money market deposits outstanding with interest rates ranging from 0.34% to 3.50%. Money market deposits are redeemable on demand by the customer and, as such, have no scheduled maturity date.
Securitization Program
We sell a majority of the credit card receivables originated by Comenity Bank to WFN Credit Company, LLC, which in turn sells them to World Financial Network Credit Card Master Trust, World Financial Network Credit Card Master Note Trust, or Master Trust I, and World Financial Network Credit Card Master Trust III, or Master Trust III, or collectively, the WFN Trusts, as part of our credit card securitization program, which has been in existence since January 1996. We also sell our credit card receivables originated by Comenity Capital Bank to World Financial Capital Credit Company, LLC, which in turn sells them to World Financial Capital Master Note Trust, or the WFC Trust. These securitization programs are a principal vehicle through which we finance Comenity Bank’s and Comenity Capital Bank’s credit card receivables.
As of June 30, 2020, the WFN Trusts and the WFC Trust had approximately $10.7 billion of securitized credit card receivables. Securitizations require credit enhancements in the form of cash, spread deposits, additional receivables and subordinated classes. The credit enhancement is principally based on the outstanding balances of the series issued by the WFN Trusts and the WFC Trust and by the performance of the credit card receivables in these credit card securitization trusts.
In April 2020, Master Trust I amended its 2009-VFN conduit facility, decreasing the capacity from $1.18 billion to $1.0 billion and extending the maturity to July 2021. In April 2020, Master Trust III amended its 2009-VFC conduit facility, decreasing the capacity from $1.3 billion to $1.0 billion and extending the maturity to July 2021.
At June 30, 2020, we had $5.0 billion of non-recourse borrowings of consolidated securitization entities, of which $2.6 billion is due within the next 12 months. As of June 30, 2020, total capacity under the conduit facilities was $4.2 billion, of which $525.0 million had been drawn and was included in non-recourse borrowings of consolidated securitization entities in the unaudited condensed consolidated balance sheets.