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Debt (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Total Debt
Total debt, net of debt issuance costs, is summarized in the following table (in millions):
June 30,
2023
December 31,
2022
Revolving facility - U.S. dollar borrowings$261.0 $191.0 
Term loan A facility191.0 192.0 
Term loan B facility343.0 344.8 
Delayed draw term loan625.6 641.9 
6.875% Senior unsecured notes due October 1, 2026, net of discount of $3.7 million and $4.3 million at June 30, 2023 and December 31, 2022, respectively(1)
338.8 339.0 
French employee profit sharing3.4 3.0 
German loan agreement10.2 10.7 
Other0.7 0.9 
Debt issuance costs(26.1)(29.4)
Total debt1,747.6 1,693.9 
Less: Current debt(34.7)(34.6)
Total long-term debt$1,712.9 $1,659.3 
(1) Amount includes a $7.5 million and $6.7 million decrease in fair value as of June 30, 2023 and December 31, 2022, respectively, due to changes in benchmark interest rates related to the senior unsecured notes. Refer to Note 11. Derivatives for additional information on our interest rate swaps designated as a fair value hedge.
Schedule of Expected Maturities for the Company's Debt Obligations
The following is the expected maturities for the Company's debt obligations as of June 30, 2023 (in millions):
2023$20.7 
202441.9 
202541.3 
2026380.5 
2027962.0 
Thereafter327.3 
Total $1,773.7