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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s debt and finance lease obligations consisted of the following:
  (dollars in millions)
Maturity DateInterest RateDecember 31, 2019December 31, 2018
USD Term Loans (1)
2026
LIBOR plus 2.00%
$733.4  $—  
Senior Notes - USD 800 million (2)
20255.875%  786.7  784.9  
Senior Notes - USD 1.10 billion (2)
20226.50%  1,067.1  
Senior Notes - EUR 350 million (2)
20236.00%  —  397.4  
First Lien Credit Facility - USD Term Loans (1)
2020
> of 3.50% or LIBOR plus 2.50%
—  624.3  
First Lien Credit Facility - USD Term Loans (1)
2021
> of 4.00% or LIBOR plus 3.00%
—  1,124.7  
First Lien Credit Facility - Euro Term Loans (1)
2020
> of 3.25% or EURIBOR plus 2.50%
—  666.2  
First Lien Credit Facility - Euro Term Loans (1)
2021
> of 3.50% or EURIBOR plus 2.75%
—  685.3  
Borrowings under the Revolving Credit Facility2024
LIBOR plus 2.25%
—  25.0  
Other0.9  1.1  
Total debt and finance lease obligations1,521.0  5,376.0  
Less: current installments of long-term debt and revolving credit facilities7.8  25.3  
Total long-term debt and finance lease obligations$1,513.2  $5,350.7  
(1) Term loans, net of unamortized discounts and debt issuance costs of $9.1 million and $22.4 million at December 31, 2019 and 2018, respectively. Weighted average effective interest rate of 2.2% and 4.6% at December 31, 2019 and 2018, respectively, including the effects of interest rate swaps and net investment hedges. See Note 13, Financial Instruments, to the Consolidated Financial Statements for further information regarding the Company's interest rate swaps and net investment hedges.
(2) Senior notes, net of unamortized premium, discounts and debt issuance costs of $13.3 million and $29.9 million at December 31, 2019 and 2018, respectively. Weighted average effective interest rate of 6.2% and 6.5% at December 31, 2019 and 2018, respectively.
Schedule of Maturities of Long-term Debt
Minimum future principal payments on long-term debt were as follows:
  (dollars in millions)
2020$7.4  
20217.4  
20227.4  
20237.4  
20247.4  
Thereafter1,505.5  
Total$1,542.5