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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
DEBT |
Schedule of debt | The Company’s debt consisted of the following as of December 31, 2023 and 2022 (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022 |
Term Loan Agreement due December 2023, floating rate | ​ | $ | — | ​ | $ | 304.7 | ​
$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650% | ​ |  | 647.9 | ​ |  | 647.3 | ​
$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625% | ​ | ​ | 494.8 | ​ | ​ | 494.0 | ​
$300 million fixed rate Senior Notes due March 2032, stated rate of 3.000% | ​ | ​ | 296.5 | ​ | ​ | 296.0 | ​
Revolving Credit Agreement | ​ | ​ | — | ​ | ​ | — | ​
Cboe Clear Europe Credit Facility | ​ | ​ | — | ​ | ​ | — | ​
Total debt | ​ | $ | 1,439.2 | ​ | $ | 1,742.0 | ​
Schedule of future expected repayments related to Senior Notes | The future expected repayments related to the Senior Notes as of December 31, 2023 are as follows (in millions):
​ | ​ | ​
2024 | $ | —
2025 | ​ | —
2026 | ​ | —
2027 | ​ | 650.0
Thereafter | ​ | 800.0
Principal amounts repayable | ​ | 1,450.0
Debt issuance costs | ​ | (5.9)
Unamortized discounts on notes | ​ | (4.9)
Total debt outstanding | $ | 1,439.2
Schedule of interest expense, net | Components of interest expense, net recognized in the consolidated statements of income for the years ended December 31, 2023, 2022 and 2021 are as follows (in millions):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended |  | Year Ended |  | Year Ended |
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, |
​ |  | 2023 |  | 2022 |  | 2021 |
Components of interest expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contractual interest | ​ | $ | 59.8 | ​ | $ | 57.6 | ​ | $ | 45.7 | ​
Amortization of debt discount and issuance costs | ​ |  | 2.6 | ​ |  | 2.4 | ​ |  | 2.3 | ​
Interest expense | ​ | $ | 62.4 | ​ | $ | 60.0 | ​ | $ | 48.0 | ​
Interest income | ​ | ​ | (12.0) | ​ | ​ | (3.6) | ​ | ​ | (0.6) | ​
Interest expense, net | ​ | $ | 50.4 | ​ | $ | 56.4 | ​ | $ | 47.4 | ​
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