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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

A summary of long-term debt follows (in millions):

						December 31,
						2021						2020
Senior secured term loan (1)						$	1,530.7					$	1,539.4
Senior secured revolving credit facility						—						—
6.750% senior unsecured notes due 2025						370.0						370.0
10.000% senior unsecured notes due 2027						545.0						545.0
Notes payable and other secured loans						145.0						137.5
Finance lease obligations						364.6						281.2
Less: unamortized debt issuance costs						(16.5)						(16.3)
Total debt						2,938.8						2,856.8
Less: Current maturities						60.4						64.4
Total long-term debt						$	2,878.4					$	2,792.4

(1)Includes unamortized fair value discount of $3.0 million and $3.7 million as of December 31, 2021 and 2020, respectively

Schedule of Debt Redemption Percentages

The Company may redeem the 2025 Unsecured Notes, in whole or in part, at any time, at the redemption prices set forth below (expressed as a percentage of the principal amount to be redeemed), plus accrued and unpaid interest, if any, up to, but excluding, the date of redemption:

July 1, 2021 to June 30, 2022			101.688		%
July 1, 2022 and thereafter			100.000		%

The Company may redeem the 2027 Unsecured Notes, in whole or in part, at any time on or after April 15, 2022, at the redemption prices set forth below (expressed as a percentage of the principal amount of notes to be redeemed), plus accrued and unpaid interest, if any, up to, but excluding, the date of redemption:

April 15, 2022 to April 14, 2023			105.000		%
April 15, 2023 to April 14, 2024			102.500		%
April 15, 2024 and thereafter			100.000		%

Schedule of Maturities of Debt

A summary of maturities for the Company's long-term debt, excluding unamortized debt issuance costs and the unamortized fair value discount discussed above, for the next five years and thereafter as of December 31, 2021 follows (in millions):

2022						$	60.4
2023						63.2
2024						47.9
2025						1,893.4
2026						21.2
Thereafter						872.2
Total						$	2,958.3

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- Definition

Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption.

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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