XML 46 R39.htm IDEA: XBRL DOCUMENT v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt

Outstanding debt as of June 30, 2025 and December 31, 2024 is summarized as follows:

 

 

 

June 30, 2025

 

 

December 31, 2024

 

Borrowings under senior secured asset based revolving
   credit facility

 

$

156.9

 

 

$

79.0

 

Senior secured second lien notes due 2031

 

 

300.0

 

 

 

300.0

 

Other debt

 

 

18.4

 

 

 

16.4

 

Deferred financing costs

 

 

(4.8

)

 

 

(5.2

)

Total debt

 

 

470.5

 

 

 

390.2

 

Short-term borrowings and current portion of long-term
   debt

 

 

(10.7

)

 

 

(13.1

)

Long-term debt

 

$

459.8

 

 

$

377.1

 

Schedule of Revolving Credit Facility Bear Interest at Variable Rate Based Upon Average Quarterly Availability

 

Average quarterly availability

Alternative base rate spread

SOFR spread

Category 1

≥ 66% of Aggregate Commitment

0.25%

1.25%

Category 2

< 66% but ≥ 33% of Aggregate Commitment

0.50%

1.50%

Category 3

< 33% of Aggregate Commitment

0.75%

1.75%