Notes Payable and Indebtedness (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Borrowings

Our borrowings are summarized in the following table:

		September 30, 2020						At December 31, 2019
	Maturity	Principal Amount		Debt Issuance Costs and Discount*		Carrying Value		Principal Amount		Debt Issuance Costs and Discount*		Carrying Value
Debt Maturing Within One Year:
New Repatriation Bridge Facility (1)	February 7, 2020	$	—	$	—	$	—	$	63.0	$	0.1	$	62.9
New Term Loan Facility (1)		25.3		—		25.3		19.0		—		19.0
Total short-term debt		$	25.3	$	—	$	25.3	$	82.0	$	0.1	$	81.9
Debt Maturing After One Year:
New Term Loan Facility (1)	February 8, 2026	$	2,492.1	$	80.9	$	2,411.2	$	2,511.0	$	98.3	$	2,412.7
New Revolving Facility (1) (2)	September 11, 2025	—		—		—		—		—		—
6.875% New Senior Secured Notes (1)	August 15, 2026	420.0		8.6		411.4		700.0		15.8		684.2
10.250% New Senior Unsecured Notes (1)	February 15, 2027	450.0		15.1		434.9		750.0		28.0		722.0
Total long-term debt		$	3,362.1	$	104.6	$	3,257.5	$	3,961.0	$	142.1	$	3,818.9
Total debt		$	3,387.4	$	104.6	$	3,282.8	$	4,043.0	$	142.2	$	3,900.8

*Represents unamortized portion of debt issuance costs and discounts.

(1) The New Senior Secured Credit Facilities and Successor notes contain certain covenants that limit our ability to incur additional indebtedness and guarantee indebtedness, create liens, engage in mergers or acquisitions, sell, transfer or otherwise dispose of assets, pay dividends and distributions or repurchase capital stock, prepay certain indebtedness and make investments, loans and advances. We were in compliance with these non-financial covenants at September 30, 2020 and December 31, 2019.

(2) The New Revolving Facility contains a springing financial covenant requiring compliance with a maximum ratio of first lien net indebtedness to consolidated EBITDA of 6.75. The financial covenant applies only if the aggregate principal amount of borrowings under the New Revolving Facility and certain outstanding letters of credit exceed 35% of the total amount of commitments under the New Revolving Facility on the last day of any fiscal quarter. The financial covenant did not apply at September 30, 2020 and December 31, 2019.

Schedule of Maturities of Debt

The scheduled maturities and interest payments for our total debt outstanding as of September 30, 2020 are as follows:

	Fourth Quarter 2020		2021		2022		2023		2024		Thereafter		Total
Principal	$	6.3	$	25.3	$	25.3	$	25.3	$	25.3	$	3,279.9	$	3,387.4
Interest	24.5		172.5		171.5		170.5		169.6		276.5		985.1
Total Debt	$	30.8	$	197.8	$	196.8	$	195.8	$	194.9	$	3,556.4	$	4,372.5