XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
Debt for the Company consists of the following:
March 31, 2023December 31, 2022
(in millions, except percentages)AmountRateAmountRateMaturity Date
2019 Credit Agreement:
Term A Facility$625.2 (1)$638.8 (2)October 16, 2024
Revolver350.0 (1)337.0 (2)October 16, 2024
2031 Senior Notes800.0 3.875%800.0 3.875%October 15, 2031
2029 Senior Notes800.0 4.000%800.0 4.000%April 15, 2029
Securitized debt153.3 (3)139.3 (4)April 7, 2025
Finance lease obligations (5)
78.1 78.7 Various
Other56.0 37.0 Various
Total debt2,862.6 2,830.8 
Less: Deferred financing costs19.6 20.5 
Total debt, net2,843.0 2,810.3 
Less: Current portion74.0 70.4 
Total long-term debt, net$2,769.0 $2,739.9 
(1)
Interest at LIBOR plus applicable margin of 1.375% as of March 31, 2023.
(2)
Interest at LIBOR plus applicable margin of 1.250% as of December 31, 2022.
(3)
Interest at one month SOFR index plus 10 basis points of credit spread adjustment, plus 85 basis points.
(4)
Interest at one month LIBOR index plus 70 basis points.
(5)
New finance lease obligations are a non-cash financing activity.