XML 65 R56.htm IDEA: XBRL DOCUMENT v3.22.2
Debt - Additional Information (Details)
6 Months Ended
May 06, 2022
USD ($)
Mar. 28, 2022
USD ($)
Feb. 10, 2021
USD ($)
Sep. 25, 2018
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
Jun. 30, 2023
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]                
Deferred debt issuance costs         $ 24,100,000     $ 16,100,000
Senior unsecured notes                
Debt Instrument [Line Items]                
Fair market value         $ 315,400,000     $ 365,800,000
Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt instrument term 1 month              
Basis spread on variable interest rate (percent) 1.00%              
Credit Facility | Revolving Credit Facility | Federal Funds Effective Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 0.50%              
Credit Facility | Revolving Credit Facility | Minimum                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 1.00%              
Credit Facility | Revolving Credit Facility | Minimum | Base Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 0.00%              
Credit Facility | Revolving Credit Facility | Maximum                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 2.50%              
Credit Facility | Revolving Credit Facility | Maximum | Base Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 1.50%              
New Credit Facility                
Debt Instrument [Line Items]                
Effective interest rate on debt facilities (percent)         4.52% 4.11%    
New Credit Facility | Credit Facility                
Debt Instrument [Line Items]                
Maximum borrowings under credit facility       $ 700,000,000        
EBITDA ratio       5.75        
Interest coverage ratio       3.00        
New Credit Facility | Credit Facility | Forecast                
Debt Instrument [Line Items]                
EBITDA ratio             4.50  
New Credit Facility | Credit Facility | Maximum | Forecast                
Debt Instrument [Line Items]                
EBITDA ratio             5.50  
New Credit Facility | Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Maximum borrowings under credit facility $ 600,000,000     $ 500,000,000        
Debt instrument term       5 years        
New Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Maximum borrowings under credit facility       $ 400,000,000        
Term loan A facility | Term loan facility                
Debt Instrument [Line Items]                
Average interest rate on outstanding borrowings (percent)         4.38%      
Term loan A facility | Credit Facility | Term loan facility                
Debt Instrument [Line Items]                
Debt instrument term       7 years        
Face amount       $ 200,000,000        
Term loan A facility | Credit Facility | Term loan facility | Federal Funds Effective Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 0.50%              
Term loan A facility | Credit Facility | Term loan facility | SOFR                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 1.00%              
Term loan A facility | Credit Facility | Term loan facility | Minimum | SOFR                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 1.25%              
Term loan A facility | Credit Facility | Term loan facility | Minimum | Base Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 0.25%              
Term loan A facility | Credit Facility | Term loan facility | Maximum | SOFR                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 2.75%              
Term loan A facility | Credit Facility | Term loan facility | Maximum | Base Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent) 1.75%              
Term loan B facility | Term loan facility                
Debt Instrument [Line Items]                
Average interest rate on outstanding borrowings (percent)         5.44%      
Term loan B facility | Term loan facility | Base Rate                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent)       2.75%        
Term loan B facility | Term loan facility | LIBOR                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent)       3.75%        
Term loan B facility | Term loan facility | Minimum Floor                
Debt Instrument [Line Items]                
Basis spread on variable interest rate (percent)       0.75%        
Term loan B facility | Credit Facility | Term loan facility                
Debt Instrument [Line Items]                
Debt instrument term     7 years          
Face amount     $ 350,000,000          
Incremental loans     $ 250,000,000          
Delayed Draw Term Loan Facility | Credit Facility | Term loan facility                
Debt Instrument [Line Items]                
Maximum borrowings under credit facility $ 650,000,000              
Senior 364-day Unsecured Bridge Facility | Bridge Loan                
Debt Instrument [Line Items]                
Debt instrument term   364 days            
Short-term debt   $ 648,000,000            
Senior 364-day Unsecured Bridge Facility | Credit Facility | Revolving Credit Facility | Bridge Loan                
Debt Instrument [Line Items]                
Short-term debt 50,000,000              
Debt Commitment Letter | Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Maximum borrowings under credit facility $ 0 $ 500,000,000            
6.875% Senior Unsecured Notes Due 2026 | Senior unsecured notes                
Debt Instrument [Line Items]                
Face amount       $ 350,000,000        
Interest rate (percent)       6.875%        
Effective rate (percent)         7.248%      
6.875% Senior Unsecured Notes Due 2026 | Unsecured Debt                
Debt Instrument [Line Items]                
Interest rate (percent)         6.875%      
Revolving credit facility - U.S. dollar borrowings | Credit Facility | Revolving Credit Facility                
Debt Instrument [Line Items]                
Average interest rate on outstanding borrowings (percent)         4.22%