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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | Long-term debt is comprised of the following:
| As of December 31,
(In $ millions) | 2021 | 2020
Hayfin Loan Facility | 197.0 |  | 195.0 |
Syndicated Senior Secured Credit Facilities | 272.7 |  | 270.0 |
New Bridge Facility | 30.3 |  | 30.0 |
$350 million Convertible bonds | 350.0 |  | 350.0 |
PPL Delivery Financing | 753.3 |  | 753.3 |
Keppel Delivery Financing | 259.2 |  | 259.2 |
Principal outstanding | 1,862.5 |  | 1,857.5 |
Back end fees due to PPL and Keppel on Delivery of rigs | 42.8 |  | 42.8 |
Effective interest rate adjustments on PPL and Keppel delivery Financing | 17.1 |  | 13.4 |
Deferred finance charges(1) | (6.5) |  | (7.5) |
Carrying value | 1,915.9 |  | 1,906.2 |
Carrying amounts in the table above include, where applicable, deferred financing fees and certain interest adjustments to allow for variations in interest payments to be straight lined. (1) For the year ended December 31, 2021, deferred finance charges includes the capitalization of extension fees associated with amendments made to the Hayfin Term Loan Facility, the Syndicated Senior Secured Credit Facilities and the New Bridge Facility, in January 2021, offset by amortization recognized during the year.
Schedule of Maturities of Long-term Debt | The scheduled maturities as of December 31, 2021 of our principal debt are as follows:
(In $ millions) | December 31, 2021
2022 | — |
2023 | 1,603.3 |
2024 | — |
2025 | 86.4 |
2026 | 172.8 |
Thereafter | — |
Total | 1,862.5 |

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- Definition 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. + References No definition available. + Details
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- Definition 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 + Details
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