Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:

	September 30, 2019			December 31, 2018
(in millions, except percentages)	Amount		Rate	Amount		Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	423.8	(1)	$	525.0	(2)	April 6, 2021
Revolver	—		(1)	—		(2)	April 6, 2021
2026 Senior Notes	600.0		5.500%	600.0		5.500%	June 15, 2026
2023 Senior Notes	450.0		5.625%	450.0		5.625%	October 15, 2023
Securitized debt	33.9		(3)	9.1		(3)	April 6, 2021
Finance/capital lease obligations (4)	65.0			66.7			Various
Other	3.4			3.0			Various
Total debt	1,576.1			1,653.8
Less: deferred financing costs	6.5			7.6
Total debt, net	1,569.6			1,646.2
Less: current portion	60.1			47.1
Total long-term debt, net	$	1,509.5		$	1,599.1

(1)	Interest at LIBOR plus applicable margin of 1.75% as of September 30, 2019.
(2)	Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2018.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Finance/capital lease obligations are a non-cash financing activity.

Fair value of financial instruments

The fair values of these material financial instruments are as follows:

	Fair Value
(in millions)	September 30, 2019		December 31, 2018
2023 Senior Notes	$	463.8	$	435.6
2026 Senior Notes	627.2		549.3