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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Future Maturities of Long-Term Debt | Future maturities of long-term debt are as follows:
| Principal
Year Ending December 31, | (In millions)
2025 | $ | 76.1 |
2026 | 52.1 |
2027 | 318.1 |
2028 | 14.2 |
2029 | 651.0 |
Thereafter | 501.4 |
Total | $ | 1,612.9 |
Debt Instrument [Line Items] |
Financial Covenants Include Required Specified Ratios | We were in compliance with the financial covenants under the Credit Facilities and Mortgage Facilities as of December 31, 2024, which include the following:
|  | Covenant
|  |  | Consolidated Fixed Charge Coverage Ratio |  | Consolidated Total Lease Adjusted Leverage Ratio
Required Ratio |  |  | ≥1.20 |  | ≤5.75
Ratio as of December 31, 2024 |  |  | 2.15 |  |  | 3.07 |
Long-Term Debt | Long-term debt consists of the following:
| December 31, 2024 |  | December 31, 2023
| (In millions)
Revolving Credit Facility (1) | $ | — |  |  | $ | — |
4.625% Senior Notes due 2029 (the “4.625% Notes”) | 650.0 |  |  | 650.0 |
4.875% Senior Notes due 2031 (the “4.875% Notes”) | 500.0 |  |  | 500.0 |
Mortgage Facility (2) | 366.8 |  |  | 311.0 |
Mortgage notes to finance companies - fixed rate, bearing interest from 2.05% to 4.69% | 96.1 |  |  | 163.0 |
Mortgage notes to finance companies - variable rate | — |  |  | 75.6 |
Subtotal | $ | 1,612.9 |  |  | $ | 1,699.6 |
Debt issuance costs | (24.9) |  |  | (23.0) |
Total debt | 1,588.0 |  |  | 1,676.6 |
Less current maturities | (76.1) |  |  | (60.1) |
Long-term debt | $ | 1,511.9 |  |  | $ | 1,616.5 |
(1)The interest rate on the Revolving Credit Facility (as defined below) was 125 basis points above one-month Term SOFR (as defined in the Credit Facilities) at December 31, 2024 and 125 basis points above one-month SOFR at December 31, 2023. (2)The interest rate on the Mortgage Facility (as defined below) was 150 basis points above one-month Term SOFR (as defined in the Mortgage Facility) at December 31, 2024 and 150 basis points above one-month SOFR at December 31, 2023.

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