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Subsequent Events
3 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events
Disposition and Debt Repayment
On October 2, 2023, the Company completed the sale of the EC business. The Company received cash proceeds of $737.1 million, or net proceeds of $694.3 million, which includes cash sold of $42.8 million, subject to customary final post-closing adjustments. On October 6, 2023 and October 31, 2023, the Company made repayments of $287.2 million and $362.6 million, respectively, of outstanding borrowings under the senior secured term loan facility due 2029. The Company intends to use the remaining proceeds of this transaction for early repayment of debt.
Dividend
On October 18, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per share to be paid on November 22, 2023 to shareholders of record on the close of business on November 1, 2023.