DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

The table below details the Company's debt balances, net of discounts and debt issuance costs.

	September 30,		December 31,
	2022		2021
Debt
DIP Term Loan Facility due 2023 (a)	$	575.0	$	—
SISO DIP ABL Facility due 2023 (a)	130.0		—
Tranche A DIP ABL Facility due 2023 (a)	41.8		—
Spanish Government Loan due 2025	0.2		0.2
2021 Foreign Asset-Based Term Facility due 2024	—		71.2
Amended 2016 Revolving Credit Facility (Tranche A) due 2024	—		108.0
SISO Term Loan Facility due 2024	—		126.2
2020 ABL FILO Term Loans due 2023	—		50.0
2020 Troubled-debt-restructuring: future interest	—		42.6
2020 BrandCo Term Loan Facility due 2025 (b)	—		1,749.7
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	—		867.9
6.25% Senior Notes due 2024	—		426.9
Debt	$	747.0	$	3,442.7
Debt subject to compromise
2020 ABL FILO Term Loans due 2023	50.0		—
2020 Troubled-debt-restructuring: future interest	36.0		—
2020 BrandCo Term Loan Facility due 2025 (b)	1,887.6		—
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	872.4		—
6.25% Senior Notes due 2024	431.3		—
Debt subject to compromise (b)	$	3,277.3	$	—
Total debt, prior to reclassification to Liabilities subject to compromise	$	4,024.3	$	3,442.7
Less current portion	(746.9)		(137.2)
Less amounts reclassified to Liabilities subject to compromise	(3,277.3)		—
Long-term debt	$	0.1	$	3,305.5
Short-term borrowings (*)	$	0.6	$	0.7

(*)The weighted average interest rate on these short-term borrowings outstanding at September 30, 2022 and December 31, 2021 was 11.4%, respectively.

Schedule of Line of Credit Facilities

At September 30, 2022, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:             

	Commitment		Borrowing Base		Aggregate principal amount outstanding at September 30, 2022		Availability at September 30, 2022 (a)
Tranche A DIP ABL Facility due 2023	$	270.0	$	71.4	$	41.8	$	29.6
SISO DIP ABL Facility due 2023	130.0		130.0		130.0		—
2020 ABL FILO Term Loans	50.0		38.8		$	50.0	$	—

(a) Availability as of September 30, 2022 is based upon the Tranche A Revolving borrowing base then in effect under Tranche A DIP ABL Facility of $71.4 million (which includes a $11.2 million reserve for the shortfall of the borrowing base that supports the 2020 ABL FILO Term Loans compared to the corresponding aggregate principal amount outstanding of $50 million), less $41.8 million then drawn.