Long-Term Debt and Finance Leases (Tables)

9 Months Ended

Sep. 30, 2022

Long-Term Debt and Finance Leases

Summary of long-term debt and finance lease obligations

							December 31,
	September 30, 2022						2021
	Available
	borrowing		Effective		Outstanding		Outstanding
	capacity		interest rate(1)		balance		balance
	(in millions)
Long-term debt:
Term B Loans, net(2)	$	—	6.49	%	$	719.3	$	724.2
Revolving Credit Facility(3)		245.6	3.00	%		—		—
Total long-term debt	$	245.6				719.3		724.2
Other Financing						0.1		0.4
Finance lease obligations						21.5		22.3
Total long-term debt, finance lease obligations and other						740.9		746.9
Debt issuance costs, net(4)						(4.8)		(5.5)
Sub-total						736.1		741.4
Less current portion						(18.1)		(17.9)
Long-term portion					$	718.0	$	723.5

(1) Represents the effective interest rate in effect for all borrowings outstanding as of September 30, 2022 pursuant to each debt instrument including the applicable margin.

(2) At September 30, 2022 and December 31, 2021 includes $5.2 million and $5.8 million of net discounts, respectively.

(3) Available borrowing capacity at September 30, 2022 represents $250.0 million of total availability less outstanding letters of credit of $4.4 million. Letters of credit are used in the ordinary course of business and are released when the respective contractual obligations have been fulfilled by the Company.

(4) At September 30, 2022 and December 31, 2021 debt issuance costs include $3.7 million and $4.1 million related to Term B Loans and $1.1 million and $1.4 million related to the Revolving Credit Facility, respectively.