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Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Total Debt | Total debt, net of debt issuance costs, is summarized in the following table (in millions):
| September 30, 2024 |  | December 31, 2023
Revolving facility - U.S. dollar borrowings | $ | 292.0 |  |  | $ | 260.0 |
Term loan A facility | 84.3 |  |  | 84.3 |
Term loan B facility | 160.5 |  |  | 160.5 |
Delayed draw term loan | 273.2 |  |  | 273.2 |
6.875% Senior unsecured notes due October 1, 2026, net of discount of $2.4 million and $3.2 million at September 30, 2024 and December 31, 2023, respectively(1) | 345.6 |  |  | 341.9 |
German loan agreement | 7.0 |  |  | 9.0 |
Debt issuance costs | (19.2) |  |  | (24.3) |
Total debt | 1,143.4 |  |  | 1,104.6 |
Less: Current debt | (2.8) |  |  | (2.8) |
Total long-term debt | $ | 1,140.6 |  |  | $ | 1,101.8 |
(1) Amount includes a $2.0 million and $4.9 million decrease in fair value as of September 30, 2024 and December 31, 2023, respectively, due to changes in benchmark interest rates related to the senior unsecured notes. Refer to Note 10. 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, net of fair value adjustments associated with interest rate swaps, as of September 30, 2024 (in millions):
2024 | $ | 0.7 |
2025 | 2.8 |
2026 | 348.4 |
2027 | 650.2 |
2028 | 160.5 |
Thereafter | — |
Total | $ | 1,162.6 |

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