Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

At September 30, 2020 and December 31, 2019, long-term debt consisted of the following:

	September 30, 2020		December 31, 2019
	(In millions)
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I	$	700.0	$	700.0
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	600.0		600.0
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020	220.0		—
Debt issuance costs	(12.5)		(11.8)
Long-term debt, net of debt issuance costs	1,507.5		1,288.2
Current portion of long-term debt	(13.0)		—
Long-term debt	$	1,494.5	$	1,288.2

Schedule of Maturities of Long-term Debt

Face-value maturities of long-term debt for each of the next five years, assuming the Company's leverage ratio remains greater than 5.25x, are as follows:

	(In millions)
2020 (remaining three months)	$	3.3
2021	13.0
2022	13.0
2023	13.0
2024	903.3
Thereafter	574.5
Total	$	1,520.0