XML 51 R32.htm IDEA: XBRL DOCUMENT v3.25.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in millions):
December 31,
20242023
Senior Secured Credit Facility:
$500 million revolving credit facility, due 2028$— $— 
Term loan B, due 2030493.8 498.8 
Unsecured Senior Notes, due 2028550.0 550.0 
1,043.8 1,048.8 
Unamortized deferred loan costs(5.3)(7.2)
Term loan B, principal payments due in the next 12 months(5.0)(5.0)
Long-term debt$1,033.5 $1,036.6 
__________
The Company is required to make quarterly minimum principal payments totaling $5.0 million annually on the term loan until its maturity date; this amount is included in other current liabilities on the accompanying consolidated balance sheets. Taking into consideration the $5.0 million annual required principal payments, the balance due at maturity will be $466.3 million.