XML 38 R15.htm IDEA: XBRL DOCUMENT v3.19.3
Debt, Interest Income, Expense and Other Finance Costs
 9 Months Ended
Sep. 30, 2019
Debt, Interest Income, Expense and Other Finance Costs [Abstract]  
Debt, Interest Income, Expense and Other Finance Costs Debt, Interest Income, Expense and Other Finance Costs

On July 23, 2019, we amended our Credit Agreement to, among other things, (i) increase the borrowing capacity of the Credit Facility to $1.3 billion, (ii) increase the Term Loans to $525.0 million, (iii) modify and extend the final maturity date to July 2024, and (iv) modify certain financial and other covenants to reduce costs and provide greater operating flexibility. As of September 30, 2019 and December 31, 2018, we had outstanding borrowings under our Credit Facility totaling $150.0 million and $170.0 million, respectively and Term Loan with outstanding principal of $518.9 million and $514.8 million, respectively. Accordingly, based on the terms of the modified Credit Facility, the current maturities of long-term debt was $12.5 million as of September 30, 2019.

Our debt consisted of the following (in millions):
 
 
As of
 
 
September 30,
 
December 31,
 
 
2019
 
2018
Credit Facility
 
$
150.0

 
$
170.0

Term Loans
 
518.9

 
514.8

Finance Leases
 
16.3

 
13.8

Other
 
2.2

 
2.3

Total debt
 
$
687.4

 
$
701.0

Current maturities of long-term debt and finance leases
 
$
16.4

 
$
41.1

Long-term debt
 
$
671.0

 
$
659.9



The following table provides additional information about our interest income (expense), and other financing costs, net, for the periods presented (in millions):
 
 
For the Three Months Ended
For the Nine Months Ended
 
 
September 30,
September 30,
 
 
2019
 
2018
2019
 
2018
Interest income
 
$
1.6

 
$
0.8

$
4.3

 
$
2.7

Interest expense and other financing costs
 
(21.2
)
 
(19.1
)
(63.3
)
 
(55.1
)
 
 
$
(19.5
)
 
$
(18.3
)
$
(59.1
)
 
$
(52.5
)


t