Credit Facilities and Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Outstanding Balances on Credit Facilities and Long-term Debt

Below is a summary of our outstanding balances on credit facilities and long-term debt (in millions):



December 31,	2019			2018
Floor plan notes payable: non-trade	$	1,642.4		$	1,733.3
Floor plan notes payable	425.2			324.4
Total floor plan debt	$	2,067.6		$	2,057.7

Used and service loaner vehicle inventory financing commitments	$	149.0		$	332.0
Revolving lines of credit	—			131.6
Real estate mortgages	597.7			592.3
5.250% Senior notes due 2025	300.0			300.0
4.625% Senior notes due 2027	400.0			—
Other debt	33.6			34.2
Total long-term debt outstanding	1,480.3			1,390.1
Less: unamortized debt issuance costs	(10.4		)	(6.0		)
Less: current maturities (net of current debt issuance costs)	(39.3		)	(25.9		)
Long-term debt	$	1,430.6		$	1,358.2

Schedule of Debt Covenant Terms

Under our credit facility, we are required to maintain the ratios detailed in the following table:



Debt Covenant Ratio	Requirement	As of December 31, 2019
Current ratio	Not less than 1.10 to 1	1.31 to 1
Fixed charge coverage ratio	Not less than 1.20 to 1	2.88 to 1
Leverage ratio	Not more than 5.75 to 1	2.62 to 1

Schedule of Maturities of Long-term Debt

The schedule of future principal payments associated with real estate mortgages, our Senior Notes and other debt as of December 31, 2019 was as follows (in millions):



Year Ending December 31,
2020	$	41.9
2021	49.5
2022	65.8
2023	60.4
2024	77.6
Thereafter	1,036.1
Total principal payments	$	1,331.3