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DEBT (Tables)
12 Months Ended
Dec. 31, 2020
DEBT  
Schedule of debt

The Company’s debt consisted of the following as of December 31, 2020 and 2019 (in millions):

    

December 31, 2020

    

December 31, 2019

 

Term Loan Agreement due December 2021, floating rate

$

68.7

$

222.4

$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625%

489.3

$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650%

 

645.9

 

645.2

Revolving Credit Agreement

EuroCCP Credit Facility

Total debt

$

1,203.9

$

867.6

Schedule of maturities of long-term debt

The future expected loan repayments related to the Term Loan Agreement and the Senior Notes as of December 31, 2020 are as follows (in millions):

2021

$

70.0

2022

2023

2024

Thereafter

1,150.0

Principal amounts repayable

1,220.0

Debt issuance costs

(6.4)

Unamortized discounts on notes

(9.7)

Total debt outstanding

$

1,203.9

Schedule of interest expense

    

Year Ended

    

Year Ended

    

Year Ended

 

December 31,

December 31,

December 31,

 

    

2020

    

2019

    

2018

 

Components of interest expense:

Contractual interest

$

35.3

$

35.6

$

38.0

Amortization of debt discount and issuance costs

 

3.4

 

2.2

 

2.5

Interest expense

$

38.7

$

37.8

$

40.5

Interest income

(1.1)

(1.9)

(2.3)

Interest expense, net

$

37.6

$

35.9

$

38.2