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DEBT
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
DEBT DEBT
Long-term debt consisted of the following (in millions):
March 31, 2024December 31, 2023
4.00% Senior Notes due August 15, 2028
$750.0 $750.0 
Acquisition Line547.0 325.0 
Other Debt:
Real estate related919.0 751.0 
Finance leases 345.9 272.7 
Other20.8 8.8 
Total other debt1,285.7 1,032.5 
Total debt2,582.7 2,107.5 
Less: unamortized debt issuance costs9.88.7
Less: current maturities156.9109.4
Total long-term debt$2,416.1 $1,989.4 
Acquisition Line
The proceeds of the Acquisition Line (as defined in Note 9. Floorplan Notes Payable) are used for working capital, general corporate and acquisition purposes. As of March 31, 2024, borrowings under the Acquisition Line, a component of the Revolving Credit Facility (as defined in Note 9. Floorplan Notes Payable), totaled $547.0 million. The average interest rate on this facility was 6.43% during the three months ended March 31, 2024.
Real Estate Related
The Company has mortgage loans in the U.S. and the U.K. that are paid in installments. As of March 31, 2024, borrowings outstanding under these facilities totaled $919.0 million, gross of debt issuance costs, comprised of $793.6 million in the U.S. and $125.4 million in the U.K., respectively.
In February 2024, the Company entered into a master credit agreement with Wells Fargo Bank, National Association (the “Wells Fargo Credit Agreement”), which provides for delayed draw term loans with a maximum borrowing capacity of $250.0 million. The Wells Fargo Credit Agreement accrues interest at SOFR plus 175 basis points and matures on March 1, 2031. As of March 31, 2024, borrowings outstanding under the Wells Fargo Credit Agreement totaled $154.2 million and are included in the total U.S. mortgage loans described above.