Debt

9 Months Ended

Sep. 30, 2020

The following table summarizes our long-term debt obligations, net of unamortized debt issuance costs and current maturities. The interest rates shown in parentheses are as of September 30, 2020.


($ in millions)	September 30, 2020		December 31, 2019




Term Loan, due December 31, 2024 (1.10%)	$	88.4	$	90.0
Series A notes, due July 5, 2022 (3.67%)	42.0		42.0
Series B notes, due July 5, 2024 (3.82%)	53.0		53.0
Series C notes, due July 5, 2027 (4.02%)	73.0		73.0
	256.4		258.0
Less: unamortized debt issuance costs	0.7		0.7
Total debt	255.7		257.3
Less: current portion of long-term debt	2.3		2.3
Long-term debt, net	$	253.4	$	255.0

Please refer to Note 8, Debt, to the consolidated financial statements in our 2019 Annual Report for additional details regarding our debt agreements.

Credit Agreement - Credit Facility

At September 30, 2020, the borrowing capacity available under our $300.0 million multi-currency revolving credit facility (the “Credit Facility”), including outstanding letters of credit of $2.5 million, was $297.5 million.

Credit Agreement Amendment - Term Loan

At September 30, 2020, we had $88.4 million in borrowings under the Term Loan, of which $2.3 million was classified as current and $86.1 million was classified as long-term. Please refer to Note 9, Derivative Financial Instruments, for a discussion of the foreign currency hedge associated with the Term Loan.