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DEBT (Tables)

3 Months Ended

Mar. 31, 2023

DEBT

Schedule of debt

The Company’s debt consisted of the following as of March 31, 2023 and December 31, 2022 (in millions):

​	​	​	​	​	​	​
​		March 31,		​	December 31,
​	​	2023			2022
Term Loan Agreement due December 2023, floating rate	​	$	304.8	​	$	304.7
$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650%	​		647.5	​		647.3
$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625%	​	​	494.2	​	​	494.0
$300 million fixed rate Senior Notes due March 2032, stated rate of 3.000%	​	​	296.1	​	​	296.0
Revolving Credit Agreement	​	​	—	​	​	—
Cboe Clear Europe Credit Facility	​	​	—	​	​	—
Total debt	​	$	1,742.6	​	$	1,742.0

​

Schedule of maturities of long-term debt

The future expected loan repayments related to the Term Loan Agreement and the Senior Notes as of March 31, 2023 are as follows (in millions):

​	​	​	​
Remainder of 2023		$	305.0
2024	​	​	—
2025	​	​	—
2026	​	​	—
2027	​	​	650.0
Thereafter	​	​	800.0
Principal amounts repayable	​	​	1,755.0
Debt issuance costs	​	​	(6.7)
Unamortized discounts on notes	​	​	(5.7)
Total debt outstanding	​	$	1,742.6

​

Schedule of interest expense

Interest expense, net recognized in the condensed consolidated statements of income for the three months ended March 31, 2023 and 2022 is as follows (in millions)

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2023			2022
Components of interest expense:	​	​	​	​	​	​
Contractual interest	​	$	16.4	​	$	11.2
Amortization of debt discount and issuance costs	​		0.7	​		0.5
Interest expense	​	$	17.1	​	$	11.7
Interest income	​	​	(2.0)	​	​	(0.9)
Interest expense, net	​	$	15.1	​	$	10.8

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