DEBT

3 Months Ended

Mar. 31, 2025

(5) DEBT

Long-term debt, net, consisted of the following as of March 31, 2025 and December 31, 2024:


	March 31, 2025		December 31, 2024
Term Loan due 2027 at 6.07% and 6.19% at March 31, 2025 and December 31, 2024, respectively	$	2,091.7	$	2,097.0
Senior Secured Notes due 2028 at 4.125% at both March 31, 2025 and December 31, 2024	850.0		850.0

Unamortized discount and issuance costs	(16.6)		(18.8)
	2,925.1		2,928.2
Less: current portion	(21.0)		(21.0)
Total long-term debt, net of current portion	$	2,904.1	$	2,907.2

ABL Revolving Credit Facility

At March 31, 2025, Vertiv Group Corporation (the "Borrower"), a wholly-owned subsidiary of the Company and certain subsidiaries of the Borrower (the “Co-Borrowers”), had $784.2 of availability under the Asset Based Revolving Credit Facility, due 2029 (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 $15.8, and taking into account the borrowing base limitations set forth in the ABL Revolving Credit Facility. At both March 31, 2025 and December 31, 2024, there was no outstanding balance on the ABL Revolving Credit Facility.