Debt

3 Months Ended

Mar. 31, 2022

DEBT

Long-term debt, net, consisted of the following as of March 31, 2022 and December 31, 2021:


	March 31, 2022		December 31, 2021
Term Loan due 2027 at 2.99% and 2.84% at March 31, 2022 and December 31, 2021, respectively.	$	2,156.2	$	2,161.7
Senior Secured Notes due 2028 at 4.125% at both March 31, 2022 and December 31, 2021	850.0		850.0
Unamortized discount and issuance costs	(38.1)		(39.4)
	2,968.1		2,972.3
Less: Current Portion	(21.8)		(21.8)
Total long-term debt, net of current portion	$	2,946.3	$	2,950.5

ABL Revolving Credit Facility

At March 31, 2022, Vertiv Group Corporation (a wholly-owned subsidiary of the Company), as the "Borrower," and certain subsidiaries of the Borrower as co-borrowers (the "Co-Borrowers") had $432.2 of availability under the Asset Based Revolving Credit Facility (the "ABL Revolving Credit Facility") (subject to customary conditions, and subject to separate sublimits for letters of credit, swingline borrowings and borrowings made to certain non-U.S. Co-Borrowers), net of letters of credit outstanding in the aggregate principal amount of $19.1, and taking into account the borrowing base limitations set forth in the ABL Revolving Credit Facility. At March 31, 2022, there was no borrowing balance on the ABL Revolving Credit Facility.