Long-term debt consisted of the following (in millions):



	September 30, 2020			December 31, 2019
4.00% Senior Notes due August 15, 2028	$	550.0		$	—
5.00% Senior Notes redeemed September 2, 2020	—			550.0
5.25% Senior Notes redeemed April 2, 2020	—			300.0
Acquisition Line	57.9			72.5
Other Debt:
Real estate related	628.1			453.3
Finance leases	123.1			83.0
Other	25.7			42.8
Total other debt	776.9			579.1
Total debt	1,384.9			1,501.7
Less: unamortized discount	—			(5.6		)
Less: unamortized debt issuance costs	(11.2		)	(4.8		)
Less: current maturities	(65.8		)	(59.1		)
Total long-term debt	$	1,307.8		$	1,432.1

The proceeds of the Acquisition Line are used for working capital, general corporate and acquisition purposes. As of September 30, 2020, borrowings under the Acquisition Line, a component of the Revolving Credit Facility (as described in Note 10, “Floorplan Notes Payable”), totaled $57.9 million. The average interest rate on this facility was 1.30% during the three months ended September 30, 2020.

The Company has mortgage loans in the U.S., U.K. and Brazil that are paid in monthly installments. As of September 30, 2020, borrowings outstanding under these facilities totaled $628.1 million, gross of debt issuance costs, comprised of $526.6 million in the U.S., $90.2 million in the U.K. and $11.3 million in Brazil.

On August 17, 2020, the Company issued the following notes, at par:



Description	Principal Amount (in millions)	Maturity Date	Effective Interest Rate ⁽¹⁾	Interest Payment Dates
4.00% Senior Notes	$550.0	August 15, 2028	4.21%	February 15^th, August 15^th

The Company, at its option, may redeem some or all of the notes at the redemption prices (expressed as percentages of principal amount of the notes) set forth below, plus accrued and unpaid interest.



Redemption Period		Redemption Price
August 15, 2023		102.000%
August 15, 2024		101.333%
August 15, 2025		100.667%
August 15, 2026 and thereafter		100.000%

The 4.00% Senior Notes are unsecured obligations and rank equal in right of payment to all of the Company’s existing and future senior unsecured debt and senior in right of payment to all of the Company’s future subordinated debt. The 4.00% Senior Notes are guaranteed by substantially all of the Company’s U.S. subsidiaries. The U.S. subsidiary guarantees rank equally in the right of payment to all of the Company’s U.S. subsidiary guarantor’s existing and future senior unsecured debt.

The Company may be required to purchase the 4.00% Senior Notes if it sells certain assets or triggers the change in control provisions defined in the senior notes indenture. The 4.00% Senior Notes contain customary restrictions on the Company, including the ability to pay dividends, incur additional indebtedness, create liens, sell or otherwise dispose of assets and repurchase shares of outstanding common stock. Such restrictions are similar to those contained in the Company's 5.25% and 5.00% Senior Notes that were redeemed in the current year, as described further below.

On September 2, 2020, the Company fully redeemed $550.0 million in aggregate principal amount of its outstanding 5.00% Senior Notes due June 2022, at par value. The Company recognized a loss on extinguishment of $3.3 million which included write offs of unamortized discount in the amount of $2.6 million and unamortized debt issuance costs in the amount of $0.7 million. Additionally, the Company paid accrued interest of $6.9 million up to the date of redemption.