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Notes Payable and Indebtedness (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Borrowings
Our borrowings are summarized in the following table:

At December 31, 2021At December 31, 2020
MaturityPrincipal amountDebt issuance costs and discount*Carrying valuePrincipal amountDebt issuance costs and discount*Carrying value
Debt maturing within one year:
Term loan facility (1) $28.1 $— $28.1 $25.3 $— $25.3 
Total short-term debt$28.1 $— $28.1 $25.3 $— $25.3 
Debt maturing after one year:
Term loan facility (1)February 8, 2026$2,754.8 $64.5 $2,690.3 $2,485.7 $77.1 $2,408.6 
Revolving facility (1) (2)September 11, 2025160.0 — 160.0 — — — 
5.000% Senior unsecured notes (1)
December 15, 2029460.0 6.8 453.2 — — — 
6.875% Senior secured notes (1)
August 15, 2026420.0 6.8 413.2 420.0 8.2 411.8 
10.250% Senior unsecured notes (1)
Fully paid off in December 2021— — — 450.0 14.6 435.4 
Total long-term debt$3,794.8 $78.1 $3,716.7 $3,355.7 $99.9 $3,255.8 
Total debt$3,822.9 $78.1 $3,744.8 $3,381.0 $99.9 $3,281.1 
*Represents the unamortized portion of debt issuance costs and discounts.
(1) The 5.000% Senior Unsecured Notes, the Senior Secured Credit Facilities, the 6.875% Senior Secured and the 10.250% Unsecured Notes contain certain covenants that limit our ability to incur additional indebtedness and guarantee indebtedness, create liens, engage in mergers or acquisitions, sell, transfer or otherwise dispose of assets, pay dividends and distributions or repurchase capital stock, prepay certain indebtedness and make investments, loans and advances. We were in compliance with these non-financial covenants at December 31, 2021 and December 31, 2020.
(2) The Revolving Facility contains a springing financial covenant requiring compliance with a maximum ratio of first lien net indebtedness to consolidated EBITDA of 6.75. The financial covenant applies only if the aggregate principal amount of borrowings under the Revolving Facility and certain outstanding letters of credit exceeds 35% of the total amount of commitments under the Revolving Facility on the last day of any fiscal quarter. The financial covenant did not apply at December 31, 2021 and December 31, 2020.
Schedule of Maturities of Debt
Below table sets forth the scheduled maturities and interest payments for our total debt outstanding as of December 31, 2021, plus the Incremental Term Loan of $460 million established on January 18, 2022 (see Note 22):
2022 (a)2023202420252026ThereafterTotal
Debt principal outstanding as of December 31, 2021$448.1 $28.1  $28.1  $188.1 $2,670.5 $460.0 $3,822.9 
Interest associated with debt outstanding as of December 31, 2021 (b)149.4 119.9 119.0 116.6 32.4 69.0 606.3 
Incremental Term Loan - Principal (c)3.5 4.6 4.6 4.6 4.6 438.1 460.0 
Incremental Term Loan - Interest (c)15.2 15.0 14.9 14.7 14.6 29.4 103.8 
Total debt and interest$616.2 $167.6 $166.6 $324.0 $2,722.1 $996.5 $4,993.0 
(a)Amounts reflect the redemption of the $420 million 6.875% Senior Secured Notes (see Note 22).
(b)Includes $28.6 million in 2022 of which $16.3 million related to payment for early redemption premium and $12.3 million related to payment for accrued interest for the 6.875% Senior Secured Notes.
(c)Amounts reflect the Incremental Term Loan of $460 million established on January 18, 2022 (see Note 22).