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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments

Debt as of December 31, 2020 and 2019 was as follows:

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

Weighted

Average

Interest Rate

 

 

Maturity

 

2020

 

 

2019

 

Term Loan

 

 

2.69

%

 

2024

 

$

12.2

 

 

$

82.5

 

Revolving Credit Facility

 

 

2.69

%

 

2024

 

 

272.0

 

 

 

329.4

 

Senior Notes due 2025

 

 

6.00

%

 

2025

 

 

500.0

 

 

 

500.0

 

Total debt

 

 

 

 

 

 

 

 

784.2

 

 

 

911.9

 

Less short-term debt and current maturities of

   long-term debt

 

 

 

 

 

 

 

 

10.1

 

 

 

10.2

 

Less unamortized debt issuance costs

 

 

 

 

 

 

 

 

8.3

 

 

 

10.7

 

Long-term debt

 

 

 

 

 

 

 

$

765.8

 

 

$

891.0

 

Schedule of Debt Maturities

At December 31, 2020 the aggregate debt maturities for the next five years are as follows:

 

 

 

 

 

 

(Dollars in millions)

 

 

 

 

2021

 

$

10.1

 

2022

 

 

2.1

 

2023

 

 

0.0

 

2024

 

 

272.0

 

2025

 

 

500.0

 

Total debt

 

$

784.2