Indebtedness (Tables)

9 Months Ended

Dec. 31, 2019

Indebtedness [Abstract]

Long-Term Indebtedness

Long-term debt consisted of the following:

	Fiscal year of maturity		December 31, 2019			March 31, 2019
Term loans	2025		$	193.4		$	238.4
6.8% Senior Notes (a)	2021			73.0			85.0
5.8% Senior Notes	2027			50.0			50.0
Revolving credit facility (a)		-		27.0			-
Other (b)				6.6			14.3
				350.0			387.7
Less: current portion (a)				(16.2	)		(48.6	)
Less: unamortized debt issuance costs				(3.5	)		(4.0	)
Total long-term debt			$	330.3		$	335.1

(a) On January 31, 2020, the Company issued $100.0 million of 5.9 percent Senior Notes with repayments ending in fiscal 2029.  The Company used the proceeds to prepay the $73.0 million principal balance of the 6.8 percent Senior Notes, which were scheduled to mature in August 2020, and to repay $27.0 million of borrowings on its revolving credit facility.  Since it had both the intent and ability to refinance these obligations on a long-term basis, the Company classified the $73.0 million of 6.8 percent Senior Notes and $27.0 million of its revolving credit facility borrowings within long-term debt on its consolidated balance sheet as of December 31, 2019.

(b) Other long-term debt primarily includes borrowings by foreign subsidiaries and finance lease obligations.

Maturities of Long Term Debt and Capital Lease Obligations

Long-term debt matures as follows:

Fiscal Year
Remainder of 2020	$	4.1
2021		15.5
2022		21.7
2023		21.7
2024		21.7
2025 & beyond		265.3
Total	$	350.0