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DEBT (Tables)

6 Months Ended

Jun. 30, 2021

DEBT

Schedule of debt

The Company’s debt consisted of the following as of June 30, 2021 and December 31, 2020 (in millions):

​	​	​	​	​	​	​
​		June 30,		​	December 31,
​	​	2021			2020
Term Loan Agreement due December 2023, floating rate	​	$	159.3	​	$	68.7
$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625%	​	​	492.9	​	​	489.3
$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650%	​		646.3	​		645.9
Revolving Credit Agreement	​	​	—	​	​	—
EuroCCP Credit Facility	​	​	—	​	​	—
Total debt	​	$	1,298.5	​	$	1,203.9

Schedule of maturities of long-term debt

The future expected loan repayments related to the Term Loan Agreement and the Senior Notes as of June 30, 2021 are as follows (in millions):

​	​	​	​
Remainder of 2021		$	—
2022	​	​	—
2023	​	​	160.0
2024	​	​	—
2025	​	​	—
Thereafter	​	​	1,150.0
Principal amounts repayable	​	​	1,310.0
Debt issuance cost	​	​	(5.5)
Unamortized discounts on notes	​	​	(6.0)
Total debt outstanding	​	$	1,298.5

Schedule of interest expense

Interest expense, net recognized in the condensed consolidated statements of income for the three and six months ended June 30, 2021 and 2020 is as follows (in millions):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

June 30,

​

June 30,

​

2021

2020

2021

2020

Components of interest expense:

​

​

​

​

​

​

​

​

​

​

​

​

Contractual interest

​

$

11.7

​

$

6.9

​

$

23.4

​

$

14.4

Amortization of debt discount and issuance costs

​

0.7

​

0.5

​

1.4

​

1.0

Interest expense

​

$

12.4

​

$

7.4

​

$

24.8

​

$

15.4

Interest income

​

​

(0.1)

​

​

(0.1)

​

​

(0.2)

​

​

(0.8)

Interest expense, net

​

$

12.3

​

$

7.3

​

$

24.6

​

$

14.6

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