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Borrowings (Tables)
3 Months Ended
Jun. 25, 2020
NCM, LLC.  
Schedule of Outstanding Debt
The following table summarizes NCM LLC’s total outstanding debt as of June 25, 2020 and December 26, 2019 and the significant terms of its borrowing arrangements (in millions):
 
 
Outstanding Balance as of
 
 
 
 
Borrowings
 
June 25, 2020
 
December 26,
2019
 
Maturity
Date
 
Interest
Rate
Revolving credit facility
 
$
167.0

 
$
39.0

 
June 20, 2023
 
(1)
Term loans
 
265.3

 
266.6

 
June 20, 2025
 
(1)
Senior unsecured notes due 2026
 
230.0

 
230.0

 
August 15, 2026
 
5.750%
Senior secured notes due 2028
 
400.0

 
400.0

 
April 15, 2028
 
5.875%
Total borrowings
 
1,062.3

 
935.6

 
 
 
 
Less: debt issuance costs related to term loans and
   senior notes
 
(8.7
)
 
(9.0
)
 
 
 
 
Total borrowings, net
 
1,053.6

 
926.6

 
 
 
 
Less: current portion of debt
 
(2.7
)
 
(2.7
)
 
 
 
 
Carrying value of long-term debt
 
$
1,050.9

 
$
923.9

 
 
 
 
___________________________________________________
(1)
The interest rates on the revolving credit facility and term loan are described below.