Borrowings

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Borrowings

BORROWINGS

Borrowings are summarized as follows:

	September 30, 2021		December 31, 2020
2024 Dollar Term Loans	$	2,045.0	$	2,063.2
2025 Euro Senior Notes	525.2		552.1
2027 Dollar Senior Notes	500.0		500.0
2029 Dollar Senior Notes	700.0		700.0
Short-term and other borrowings	106.4		118.0
Unamortized original issue discount	(5.1)		(6.3)
Unamortized deferred financing costs	(29.0)		(34.3)
Total borrowings, net	3,842.5		3,892.7
Less:
Short-term borrowings	19.0		29.9
Current portion of long-term borrowings	24.3		24.3
Long-term debt	$	3,799.2	$	3,838.5

Revolving Credit Facility

During May 2021, we entered into the Tenth Amendment to the Credit Agreement (the "Tenth Amendment") to, among other things, increase commitments available pursuant to the Revolving Credit Facility from $400.0 million to $550.0 million and extend the maturity of the Revolving Credit Facility from 2024 to 2026, provided that such date will be accelerated in certain circumstances as set forth in the Tenth Amendment. As a result, we recorded $1.4 million of incremental deferred financing costs.

At September 30, 2021 and December 31, 2020, letters of credit issued under the Revolving Credit Facility totaled $34.0 million which reduced the availability under the Revolving Credit Facility. Availability under the Revolving Credit Facility was $516.0 million and $366.0 million at September 30, 2021 and December 31, 2020, respectively.

Future repayments

Below is a schedule of required future repayments of all borrowings outstanding at September 30, 2021.

Remainder of 2021	$	21.6
2022	54.4
2023	27.3
2024	1,993.3
2025	528.5
Thereafter	1,251.5
Total borrowings	3,876.6
Unamortized original issue discount	(5.1)
Unamortized deferred financing costs	(29.0)
Total borrowings, net	$	3,842.5