Debt

3 Months Ended

Mar. 31, 2020

The following table summarizes the major components of debt at each balance sheet date and provides the maturities and interest rate ranges of each major category of debt:



	March 31, 2020			December 31, 2019
Revolving line of credit with lenders (Revolver), interest at applicable rate plus margin, as defined (4.27% and 5.43% at March 31, 2020 and December 31, 2019, respectively) due quarterly; balance due at maturity in November 2021	$	44.0		$	30.0
Term loans (Term Loan B); quarterly payments of $3.75 commencing March 31, 2017 through September 30, 2023 with final payment due November 10, 2023; interest at an alternate base rate or adjusted LIBOR rate with a 0.75% floor plus an applicable margin	1,361.7			1,372.5
Senior notes (Senior Notes) payable; interest at 5.625% payable in arrears semi-annually commencing May 15, 2017; maturing on November 15, 2024	425.0			425.0
Finance lease obligations, maturing through 2024	47.4			52.6
Other debt	7.8			8.1
	1,885.9			1,888.2
Less: Original issue discount and debt issuance costs classified as a reduction to long-term debt	(18.7		)	(20.0		)
Less: Current portion	(87.4		)	(76.1		)
	$	1,779.8		$	1,792.1

All borrowings under the Term Loan B, Revolver and Senior Notes are guaranteed by each of the Company's current and future domestic subsidiaries, subject to certain agreed-upon exemptions. All guarantors are jointly, severally, fully and unconditionally

liable. There are no significant restrictions on the Company or any guarantor to obtain funds from its subsidiaries by dividend or loan.

Revolver and Letter of Credit Facilities

As of March 31, 2020, the Company had an aggregate committed capacity of $300.0, of which $100.0 was available for letters of credit under its credit facilities. The Company’s Revolver is its primary source of letter of credit capacity and expires in 2021. As of March 31, 2020 and December 31, 2019, the Company had $44.0 and $30.0 of borrowings outstanding on the Revolver, respectively. As of March 31, 2020 and December 31, 2019, the Company had an aggregate of $28.3 and $28.5, respectively, of letters of credit outstanding under its credit facilities. The Company has ample liquidity available through its Revolver which is supported by a diverse group of lenders.