Borrowings and Debt

6 Months Ended

Jun. 30, 2021

The Company’s borrowings and long-term debt was comprised of the following as of the dates indicated (in millions):


	June 30, 2021					December 31, 2020
(in millions)	Carrying Value		Fair Value		Fair Value Level	Carrying Value		Fair Value		Fair Value Level
Revolving credit facility:
$125 million revolving credit facility expiring August 22, 2022(1)(2)	$	53.9	$	53.9	2	$	—	$	—
Total revolving credit facility	$	53.9	$	53.9		$	—	$	—
Third party borrowings:
$275 million 4.80% Senior Notes Due July 27, 2026(3)	$	272.9	$	296.3	2	$	272.8	$	298.9	2
$125 million 5.125% Senior Notes Due August 1, 2031(3)	121.7		129.7		2	121.5		126.0		2




Total third party borrowings	$	394.6	$	426.0		$	394.3	$	424.9

(1)

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Publisher FASB
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+ Details