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Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Schedule of long term debt
Debt for the Company consists of the following:
 
March 31, 2017
 
December 31, 2016
 
 
(in millions, except percentages)
Amount
 
Rate
 
Amount
 
Rate
 
Maturity Date
2016 Credit Agreement
 
 
 
 
 
 
 
 
 
Term A Facility
$
577.5

 
(1)
 
$
585.0

 
(2)
 
April 6, 2021
Revolver
136.9

 
(1)
 
156.9

 
(2)
 
April 6, 2021
2026 Senior Notes
600.0

 
5.500%
 
600.0

 
5.500%
 
June 15, 2026
2023 Senior Notes
450.0

 
5.625%
 
450.0

 
5.625%
 
October 15, 2023
Capital lease obligations (3)
72.4

 
 
 
73.3

 
 
 
Various
Other
32.3

 
 
 
35.8

 
 
 
 
Total debt
1,869.1

 
 
 
1,901.0

 
 
 
 
Less: deferred financing costs
(12.4
)
 
 
 
(12.9
)
 
 
 
 
Total debt, net
1,856.7

 
 
 
1,888.1

 
 
 
 
Less: current portion
(66.9
)
 
 
 
(70.3
)
 
 
 
 
Total long-term debt, net
$
1,789.8

 
 
 
$
1,817.8

 
 
 
 

(1)
Interest at LIBOR plus applicable margin of 1.75% as of March 31, 2017.
(2)
Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.
(3)
Capital lease obligations are a non-cash financing activity.
Fair Value of Financial Instruments
The fair values of these material financial instruments are as follows:
 
 
Fair Value
(in millions)
 
March 31, 2017
 
December 31, 2016
2023 Senior Notes
 
$
454.2

 
$
468.5

2026 Senior Notes
 
591.9

 
606.8