Debt outstanding |
Debt outstanding consisted of the following: | | | | | | | | | (in millions) | December 31, 2016 | | December 31, 2015 | Senior Secured Term Loan B, payable in quarterly installments through April 9, 2021, and periodic variable interest at LIBOR or alternate base rate, plus applicable margin (3.52% at December 31, 2016), including original issue discount and deferred financing fees of $7.6 million and $4.4 million, respectively, at December 31, 2016, and original issue discount and deferred financing fees of $7.3 million and $3.8 million, respectively, at December 31, 2015 | $ | 1,984.6 |
| | $ | 1,855.6 |
| Senior Secured Term Loan A, payable in quarterly installments through June 30, 2020, and periodic variable interest at LIBOR or alternate base rate, plus applicable margin (2.77% at December 31, 2016), including original issue discount and deferred financing fees of $0.7 million and $0.2 million, respectively, at December 31, 2016, and original issue discount and deferred financing fees of $0.7 million and $0.1 million, respectively, at December 31, 2015 | 375.7 |
| | 340.4 |
| Other notes payable | 14.2 |
| | 6.2 |
| Capital lease obligations | 1.1 |
| | 2.4 |
| Total debt | $ | 2,375.6 |
| | $ | 2,204.6 |
| Less short-term debt and current portion of long-term debt | (50.4 | ) | | (43.9 | ) | Total long-term debt | $ | 2,325.2 |
| | $ | 2,160.7 |
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Schedule of maturities of long-term debt |
Excluding potential additional principal payments due on the senior secured credit facility based on excess cash flows of the prior year, scheduled future maturities of total debt at December 31, 2016, were as follows: | | | | | (in millions) | | 2017 | $ | 50.7 |
| 2018 | 54.5 |
| 2019 | 54.3 |
| 2020 | 314.4 |
| 2021 | 1,914.6 |
| Thereafter | — |
| Unamortized original issue discounts and deferred financing fees | (12.9 | ) | Total debt | $ | 2,375.6 |
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