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Debt
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
DEBT DEBT
Long-term debt consisted of the following (in millions):
 
 
June 30, 2020
 
December 31, 2019
5.00% Senior Notes due June 1, 2022
 
$
550.0

 
$
550.0

5.25% Senior Notes redeemed April 2, 2020 (1)
 
—

 
300.0

Acquisition Line
 
136.6

 
72.5

Real estate related
 
620.6

 
453.3

Finance leases
 
90.0

 
83.0

Other
 
25.4

 
42.8

Total debt
 
1,422.6

 
1,501.7

Less: unamortized discount on 5.00% and 5.25% Notes (1)
 
(2.9
)
 
(5.6
)
Less: unamortized debt issuance costs
 
(4.4
)
 
(4.8
)
Less: current maturities
 
(54.6
)
 
(59.1
)
Long-term debt
 
$
1,360.7

 
$
1,432.1


(1) The Company’s 5.25% Senior Notes were fully redeemed on April 2, 2020. See 5.25% Senior Notes Redemption and Debt Refinancing for further discussion.
Acquisition Line
The proceeds of the Acquisition Line are used for working capital, general corporate and acquisition purposes. As of June 30, 2020, borrowings under the Acquisition Line, a component of the Revolving Credit Facility (as described in Note 10, “Floorplan Notes Payable”), totaled $136.6 million. The average interest rate on this facility was 1.60% during the three months ended June 30, 2020.
Real Estate Related
The Company has mortgage loans in the U.S., U.K. and Brazil that are paid in monthly installments. As of June 30, 2020, borrowings outstanding under these facilities totaled $620.6 million, gross of debt issuance costs, comprised of $531.0 million in the U.S., $77.7 million in the U.K. and $11.9 million in Brazil.
5.25% Senior Notes Redemption and Debt Refinancing
On April 2, 2020, the Company fully redeemed $300.0 million in aggregate principal amount of its outstanding 5.25% Senior Notes due June 2023, at a premium of 102.625%. The total redemption price, consisting of the principal amount of the notes redeemed plus associated premium, amounted to $307.9 million. The Company recognized a loss on extinguishment of $10.4 million which included write offs of unamortized discount in the amount of $1.9 million and unamortized premium in the amount of $0.6 million. Additionally, the Company paid accrued interest of $4.6 million.