DEBT (Tables)

9 Months Ended

Sep. 30, 2025

DEBT

Schedule of debt

	September 30,		December 31,
(In millions)	2025		2024
Private Placement Term Loans:
3.37 %, payable through 2027	$	28.8	$	34.6
3.14 %, payable through 2031		85.8		100.1
Title XI Debt:
1.22 %, payable through 2043		146.4		150.3
1.35 %, payable through 2044		109.9		115.9
Revolving credit facility, maturity date of July 23, 2030		—		—
Total Debt		370.9		400.9
Less: Current portion		(39.7)		(39.7)
Total Long-term Debt		331.2		361.2
Less: Deferred loan fees		(9.7)		(10.4)
Total Long-term Debt, net of deferred loan fees	$	321.5	$	350.8

Schedule of maturities of debt

	As of
Year (in millions)	September 30, 2025
Remainder of 2025	$	9.7
2026		39.7
2027		39.7
2028		28.2
2029		28.2
Thereafter		225.4
Total Debt	$	370.9

Schedule of deferred loan fees

Deferred Loan Fees (in millions)	Amount
Balance at December 31, 2024	$	10.4
Payments of deferred loan fees		0.1
Amortization expense for the nine months ended September 30, 2025		(0.8)
Balance at September 30, 2025	$	9.7

Schedule of estimated amortization expense relating to deferred loan fees

Year (in millions)	Amount
Remainder of 2025	$	0.3
2026		1.0
2027		1.0
2028		0.9
2029		0.8
Thereafter		5.7
Total amortization expense of deferred loan fees	$	9.7