XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.1

Debt | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt Disclosure [Abstract] |
Debt | DEBT Long-term debt, net, consisted of the following as of March 31, 2022 and December 31, 2021:
| March 31, 2022 |  | December 31, 2021
Term Loan due 2027 at 2.99% and 2.84% at March 31, 2022 and December 31, 2021, respectively. | $ | 2,156.2 |  |  | $ | 2,161.7 |
Senior Secured Notes due 2028 at 4.125% at both March 31, 2022 and December 31, 2021 | 850.0 |  |  | 850.0 |
Unamortized discount and issuance costs | (38.1) |  |  | (39.4) |
| 2,968.1 |  |  | 2,972.3 |
Less: Current Portion | (21.8) |  |  | (21.8) |
Total long-term debt, net of current portion | $ | 2,946.3 |  |  | $ | 2,950.5 |
ABL Revolving Credit Facility At March 31, 2022, Vertiv Group Corporation (a wholly-owned subsidiary of the Company), as the "Borrower," and certain subsidiaries of the Borrower as co-borrowers (the "Co-Borrowers") had $432.2 of availability under the Asset Based Revolving Credit Facility (the "ABL Revolving Credit Facility") (subject to customary conditions, and subject to separate sublimits for letters of credit, swingline borrowings and borrowings made to certain non-U.S. Co-Borrowers), net of letters of credit outstanding in the aggregate principal amount of $19.1, and taking into account the borrowing base limitations set forth in the ABL Revolving Credit Facility. At March 31, 2022, there was no borrowing balance on the ABL Revolving Credit Facility.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration