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DEBT (Tables)
6 Months Ended
Jun. 30, 2020
DEBT  
Schedule of debt

June 30, 

December 31, 

(In millions)

    

2020

    

2019

    

Private Placement Term Loans:

5.79 %, payable through 2020

$

$

3.5

3.66 %, payable through 2023

 

27.4

 

31.9

4.16 %, payable through 2027

 

36.7

 

39.3

3.37 %, payable through 2027

75.0

75.0

3.14 %, payable through 2031

178.8

188.0

4.31 %, payable through 2032

 

29.0

 

30.3

4.35 %, payable through 2044

100.0

3.92 %, payable through 2045

69.5

Title XI Debt:

5.34 %, payable through 2028

 

18.7

 

19.8

5.27 %, payable through 2029

 

20.9

 

22.0

1.22 %, payable through 2043

185.9

1.35 %, payable through 2044

139.6

Revolving credit facility, maturity date of June 29, 2022

 

178.0

 

379.1

Total Debt

 

890.0

 

958.4

Less: Current portion

 

(50.5)

 

(48.4)

Total Long-term Debt

839.5

910.0

Less: Deferred loan fees

(16.0)

 

Total Long-term Debt, net of deferred loan fees

$

823.5

$

910.0

Schedule of maturities of debt

As of

Year (in millions)

    

June 30, 2020

Remainder of 2020

$

23.7

2021

 

59.2

2022

 

243.0

2023

 

60.4

2024

 

51.7

Thereafter

 

452.0

Total Debt

$

890.0

Schedule of deferred loan fees

Deferred Loan Fees (in millions)

    

Amount

Deferred financing costs related to Title XI bonds and private placement debt amendments

$

16.5

Deferred fees expensed related to the redemption of private placement debt

(0.3)

Amortization expense for the six months ended June 30, 2020

 

(0.2)

Balance at June 30, 2020

$

16.0

Schedule of estimated amortization expense relating to deferred laon fees

Year (in millions)

    

Amount

Remainder of 2020

$

0.8

2021

 

1.5

2022

 

1.2

2023

 

1.1

2024

 

1.1

Thereafter

 

10.3

Total amortization expense of deferred loan fees

$

16.0