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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt

Outstanding debt as of December 31, 2024 and 2023 is summarized as follows:

 

 

2024

 

 

2023

 

Borrowing under senior secured asset based revolving
   credit facility

 

$

79.0

 

 

$

60.0

 

Senior secured second lien notes due 2026

 

 

 

 

 

300.0

 

Senior secured second lien notes due 2031

 

 

300.0

 

 

 

 

Other debt

 

 

16.4

 

 

 

13.7

 

Deferred financing costs

 

 

(5.2

)

 

 

(1.6

)

Total debt

 

 

390.2

 

 

 

372.1

 

Short-term borrowings and current portion of
   long-term debt

 

 

(13.1

)

 

 

(13.4

)

Long-term debt

 

$

377.1

 

 

$

358.7

 

Schedule of Revolving Credit Facility Bear Interest at Variable Rate Based Upon Average Quarterly Availability

 

Average quarterly availability

Alternative Base Rate spread

Term Benchmark, Applicable Overnight Rate, CBR and RFR spread

Category 1

≥ 66% of Aggregate Commitment

0.25%

1.25%

Category 2

< 66% but ≥ 33% of Aggregate Commitment

0.50%

1.50%

Category 3

< 33% of Aggregate Commitment

0.75%

1.75%

Schedule of Aggregate Future Maturities of Outstanding Debt Obligations

The aggregate scheduled future maturities of outstanding debt obligations as of December 31, 2024 is summarized as follows:

Year

 

Maturities

 

2025

 

$

13.1

 

2026

 

 

0.8

 

2027

 

 

0.9

 

2028

 

 

0.9

 

2029

 

 

79.7

 

Thereafter

 

 

300.0

 

Total

 

$

395.4