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Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of long term debt
Debt for the Company consists of the following:
 
September 30, 2017
 
December 31, 2016
 
 
(in millions, except percentages)
Amount
 
Rate
 
Amount
 
Rate
 
Maturity Date
2016 Credit Agreement
 
 
 
 
 
 
 
 
 
Term A Facility
$
562.5

 
(1)
 
$
585.0

 
(2)
 
April 6, 2021
Revolver
—

 
(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
Securitized debt
46.5

 
(3)
 
—

 
N/A
 
April 12, 2019
Capital lease obligations (4)
73.2

 
 
 
73.3

 
 
 
Various
Other
30.7

 
 
 
35.8

 
 
 
Various
Total debt
1,762.9

 
 
 
1,901.0

 
 
 
 
Less: deferred financing costs
(9.9
)
 
 
 
(12.9
)
 
 
 
 
Total debt, net
1,753.0

 
 
 
1,888.1

 
 
 
 
Less: current portion
(66.3
)
 
 
 
(70.3
)
 
 
 
 
Total long-term debt, net
$
1,686.7

 
 
 
$
1,817.8

 
 
 
 

(1)
Interest at LIBOR plus applicable margin of 1.75% as of September 30, 2017.
(2)
Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.
(3)
Interest at one month LIBOR index plus 80 basis points.
(4)
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)
 
September 30, 2017
 
December 31, 2016
2023 Senior Notes
 
$
473.9

 
$
468.5

2026 Senior Notes
 
615.9

 
606.8