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v3.25.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Components of Long-term Debt | Long-term debt is comprised of the following:
|  | June 30, 2025 |  | December 31, 2024
10.625% senior secured notes due January 15, 2031 (Face value of $700.0 million less unamortized issuance costs of $14.1 million at June 30, 2025)(i) |  | $ | 685.9 |  |  | $ | — |
6.875% senior secured notes due November 1, 2027 (Face value of $485.0 million less unamortized issuance costs of $3.4 million at December 31, 2024)(i) |  | — |  |  | 481.6 |
Finance leases |  | 3.0 |  |  | 2.8 |
Other debt |  | 9.5 |  |  | 8.8 |
Total |  | 698.4 |  |  | 493.2 |
Less – current maturities |  | 5.7 |  |  | 5.0 |
Total long-term debt |  | $ | 692.7 |  |  | $ | 488.2 |
(i) See Note 9 for the fair value of the notes.
Schedule of Interest Expense | Interest expense related to the 2031 Notes is comprised of the following:
|  | Three Months Ended June 30, |  |
|  | 2025 |  |  |  |  |  |
Contractual interest coupon |  | $ | 0.8 |  |  |  |  |  |  |
Amortization of issuance costs |  | — |  |  |  |  |  |  |
Total |  | $ | 0.8 |  |  |  |  |  |  |
Interest expense related to the 2027 Notes is comprised of the following:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Contractual interest coupon |  | $ | 8.0 |  |  | $ | 8.4 |  |  | $ | 16.3 |  |  | $ | 16.7 |
Amortization of issuance costs |  | 0.3 |  |  | 0.3 |  |  | 0.6 |  |  | 0.6 |
Total |  | $ | 8.3 |  |  | $ | 8.7 |  |  | $ | 16.9 |  |  | $ | 17.3 |

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