FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Debt consists of the following instruments:


As of September 30, 2024 (in millions)	Principal Amount		Unamortized discount and debt issuance cost		Net Debt		Weighted average interest rate
Senior secured revolving credit facility due 2026	$	—	$	—	$	—	—	%
Senior secured term loan due 2029	722.5		16.4		706.1		7.31	%
7.125% senior notes due 2030	725.0		7.8		717.2		7.125	%
6.250% senior notes due 2031	650.0		9.5		640.5		6.25	%
Other Debt	3.9		—		3.9
Total Debt	2,101.4		33.7		2,067.7
Less short-term and current portion of long-term debt	7.8		—		7.8
Total long-term debt, net of current portion	$	2,093.6	$	33.7	$	2,059.9


As of December 31, 2023 (in millions)	Principal Amount		Unamortized discount and debt issuance cost		Net Debt		Weighted average interest rate
Senior secured revolving credit facility due 2026	$	—	$	—	$	—	—	%
Senior secured term loan due 2029	727.9		18.9		709.0		7.88	%
5.750% senior notes due 2025	650.0		2.8		647.2		5.75	%
7.125% senior notes due 2030	725.0		8.8		716.2		7.125	%
Other Debt	7.6		—		7.6
Total Debt	2,110.5		30.5		2,080.0
Less short-term and current portion of long-term debt	9.5		—		9.5
Total long-term debt, net of current portion	$	2,101.0	$	30.5	$	2,070.5

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details