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v3.25.1

Debt Obligations (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt and Finance Lease Obligations | Debt obligations, including finance lease obligations, consisted of the following (in millions):
| March 31, 2025 |  | December 31, 2024
Infrastructure |
PRIME minus 1.00% Line of Credit due 2025 | $ | 50.0 |  |  | $ | 45.0 |
3.25% Term Loan due 2026 | 72.8 |  |  | 74.6 |
PRIME minus 1.00% Term Loan due 2026 | 24.2 |  |  | 24.5 |
Obligations under finance leases | 0.2 |  |  | 0.6 |
Total Infrastructure | $ | 147.2 |  |  | $ | 144.7 |
Spectrum |  |  |
8.50% Note due 2025 | $ | 19.3 |  |  | $ | 19.3 |
11.45% Notes due 2025 | 50.4 |  |  | 50.4 |
Total Spectrum | $ | 69.7 |  |  | $ | 69.7 |
Life Sciences |  |  |
20.00% Notes due 2025 | $ | 25.2 |  |  | 24.0 |
Total Life Sciences | $ | 25.2 |  |  | $ | 24.0 |
Non-Operating Corporate |  |  |
8.50% Senior Secured Notes due 2026 | $ | 330.0 |  |  | $ | 330.0 |
7.50% Convertible Senior Notes due 2026 | 48.9 |  |  | 48.9 |
SOFR plus 5.75% Line of Credit due 2025 | 20.0 |  |  | 20.0 |
CGIC Unsecured Note due 2026 | 31.0 |  |  | 31.0 |
Total Non-Operating Corporate | $ | 429.9 |  |  | $ | 429.9 |
Total outstanding principal | $ | 672.0 |  |  | $ | 668.3 |
Unamortized issuance discount, issuance premium, and deferred financing costs | (8.6) |  |  | (5.5) |
Less: current portion of debt obligations | (523.5) |  |  | (162.2) |
Debt obligations, net of current portion | $ | 139.9 |  |  | $ | 500.6 |
Schedule of Maturities of Debt and Finance Lease Obligations | As of March 31, 2025, estimated future aggregate finance lease and debt payments, including interest, were as follows (in millions):
|  | Finance Leases |  | Debt |  | Total
2025 (remaining period) (1) |  | $ | 0.1 |  |  | $ | 234.5 |  |  | $ | 234.6 |
2026 |  | 0.1 |  |  | 507.6 |  |  | 507.7 |
Total minimum principal and interest payments |  | 0.2 |  |  | 742.1 |  |  | 742.3 |
Less: Amount representing interest (1) |  | — |  |  | (70.3) |  |  | (70.3) |
Total aggregate finance lease and debt payments |  | $ | 0.2 |  |  | $ | 671.8 |  |  | $ | 672.0 |
(1) Excludes exit fees for Spectrum and R2 Technologies.

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