The Company utilizes uncommitted lines of credit as needed for its short-term working capital fluctuations. As of December 31, 2020 and 2019, the Company had lines of credit from banks totaling $94.3 million and $94.6 million, respectively.

As of December 31, 2020, the Company had no short-term debt balances outstanding related to draws on the lines of credit. As of December 31, 2019, the Company had short-term debt balances outstanding related to draws on the lines of credit of $19.2 million.

A summary of long-term debt, net of unamortized debt issuance costs and unamortized original issue premium (discount) and the related weighted average interest rates is shown below (in millions):


December 31,	2020
Debt Instrument	Long-Term Debt		Unamortized Debt Issuance Costs		Unamortized Original Issue Premium (Discount)		Long-Term Debt, Net		Weighted Average Interest Rate
Credit Agreement — Term Loan Facility	$	220.3	$	(0.6)	$	—	$	219.7	1.36%
3.8% Senior Notes due 2027 (the "2027 Notes")	750.0		(4.1)		(3.5)		742.4		3.885%
4.25% Senior Notes due 2029 (the "2029 Notes")	375.0		(2.6)		(1.0)		371.4		4.288%
3.5% Senior Notes due 2030 (the "2030 Notes")	350.0		(2.6)		(0.7)		346.7		3.525%
5.25% Senior Notes due 2049 (the "2049 Notes")	625.0		(6.3)		14.2		632.9		5.103%
Other	1.4		—		—		1.4		N/A
	$	2,321.7	$	(16.2)	$	9.0	2,314.5
Less — Current portion							(14.2)
Long-term debt							$	2,300.3


December 31,	2019
Debt Instrument	Long-Term Debt		Unamortized Debt Issuance Costs		Unamortized Original Issue Discount		Long-Term Debt, Net		Weighted Average Interest Rate
Credit Agreement — Term Loan Facility	$	234.4	$	(1.0)	$	—	$	233.4	2.880%
5.25% Senior Notes due 2025 (the "2025 Notes")	650.0		(4.2)		—		645.8		5.250%
2027 Notes	750.0		(4.7)		(4.1)		741.2		3.885%
2029 Notes	375.0		(2.9)		(1.1)		371.0		4.288%
2049 Notes	325.0		(3.3)		(5.3)		316.4		5.363%
	$	2,334.4	$	(16.1)	$	(10.5)	2,307.8
Less — Current portion							(14.1)
Long-term debt							$	2,293.7

The issuance, maturity and interest payment dates of the Company's senior unsecured 2027 Notes, 2029 Notes, 2030 Notes and 2049 Notes (collectively, the "Notes") are as shown below:

Note

Issuance Date

Maturity Date

Interest Payment Dates

2027 Notes

August 2017

September 15, 2027

March 15 and September 15

2029 Notes

May 2019

May 15, 2029

May 15 and November 15

2030 Notes

February 2020

May 30, 2030

May 30 and November 30

2049 Notes

May 2019 and February 2020

May 15, 2049

May 15 and November 15

In 2017, the Company issued $750.0 million in aggregate principal amount at maturity of 2027 Notes at a stated coupon rate of 3.8%. The 2027 Notes were issued at 99.294% of par, resulting in a yield to maturity of 3.885%.

The net proceeds from the offering of $744.7 million, after original issue discount, were used to redeem the outstanding $500.0 million in aggregate principal amount of the senior unsecured notes due 2023 at a redemption price equal to 100% of the principal amount thereof, plus a "make-whole" premium of $17.0 million, as well as to refinance a portion of the Company's $500.0 million prior term loan facility (see "— Credit Agreement" below).

Prior to June 15, 2027, the Company, at its option, may redeem some or all of the 2027 Notes at a redemption price equal to 100% of the principal amount thereof, plus a "make-whole" premium as of, and accrued and unpaid interest to, the redemption date. At any time on or after June 15, 2027, but prior to the maturity date of September 15, 2027, the Company, at its option, may redeem some or all of the 2027 Notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the redemption date.

In 2019, the Company issued $375.0 million in aggregate principal amount at maturity of 2029 Notes and $325.0 million in aggregate principal amount at maturity of 2049 Notes. The 2029 Notes have a stated coupon rate of 4.25% and were issued at 99.691% of par, resulting in a yield to maturity of 4.288%. The 2049 Notes have a stated coupon rate of 5.25% and were issued at 98.32% of par, resulting in a yield to maturity of 5.363%.

The net proceeds from the offering were $693.3 million after original issue discount. The proceeds were used to redeem the $325.0 million in aggregate principal amount of the 2024 Notes at a redemption price equal to 102.688% of the principal amount of such 2024 Notes, plus accrued interest, as well as to finance the acquisition of Xevo (Note 4, "Acquisition") and for general corporate purposes.

In connection with these transactions, the Company recognized a loss of $10.6 million on the extinguishment of debt and paid related issuance costs of $6.5 million.

In 2020, the Company issued $350.0 million in aggregate principal amount at maturity of 2030 Notes and $300.0 million in aggregate principal amount at maturity of 2049 Notes. The 2030 Notes have a stated coupon rate of 3.5% and were issued at 99.774% of par, resulting in a yield to maturity of 3.525%. The 2049 Notes have a stated coupon rate of 5.25% and were issued at 106.626% of par, resulting in a yield to maturity of 4.821%.

The net proceeds from the offering were $669.1 million after original issue discount. The proceeds were used to redeem the $650.0 million in aggregate principal amount of 2025 Notes at a redemption price equal to 102.625% of the principal amount of such 2025 Notes, plus accrued interest.

In connection with these transactions, the Company recognized a loss of $21.1 million on the extinguishment of debt and paid related issuance costs of $6.0 million.

Subject to certain exceptions, the indentures governing the Notes contain restrictive covenants that, among other things, limit the ability of the Company to: (i) create or permit certain liens and (ii) consolidate, merge or sell all or substantially all of the Company’s assets. The indentures governing the Notes also provide for customary events of default. As of December 31, 2020, the Company was in compliance with all covenants under the indentures governing the Notes.

In 2017, the Company entered into an unsecured credit agreement (the "Credit Agreement") consisting of a $1.75 billion revolving credit facility (the "Revolving Credit Facility") and a $250.0 million term loan facility (the "Term Loan Facility"). In 2020, the Company entered into an agreement to extend the maturity date of the Revolving Credit Facility by one year to August 8, 2024, and paid related issuance costs of $1.0 million. The maturity date of the Term Loan Facility is August 8, 2022.

In the first quarter of 2020, as a proactive measure in response to the COVID-19 pandemic, the Company borrowed $1.0 billion under the Revolving Credit Facility, which was repaid in full in the third quarter of 2020. In 2019, aggregate borrowings and repayments under the Revolving Credit Facility were $30.0 million. In 2018, there were no borrowings or repayments under the

In 2020, 2019 and 2018, the Company made required principal payments under the Term Loan Facility of $14.1 million, $7.8 million and $6.3 million, respectively.

Advances under the Revolving Credit Facility and the Term Loan Facility generally bear interest based on (i) the Eurocurrency Rate (as defined in the Credit Agreement) or (ii) the Base Rate (as defined in the Credit Agreement) plus a margin, determined in accordance with a pricing grid. As of December 31, 2020, the ranges and rates are as follows (in percentages):


	Eurocurrency Rate						Base Rate
	Minimum		Maximum		Rate as of December 31, 2020		Minimum		Maximum		Rate as of December 31, 2020
Revolving Credit Facility	1.00	%	1.60	%	1.10	%	0.00	%	0.60	%	0.10	%
Term Loan Facility	1.125	%	1.90	%	1.25	%	0.125	%	0.90	%	0.25	%

A facility fee, which ranges from 0.125% to 0.30% of the total amount committed under the Revolving Credit Facility, is payable quarterly.

The Credit Agreement contains various customary representations, warranties and covenants by the Company, including, without limitation, (i) covenants regarding maximum leverage, (ii) limitations on fundamental changes involving the Company or its subsidiaries and (iii) limitations on indebtedness and liens. As of December 31, 2020, the Company was in compliance with all covenants under the Credit Agreement.

As of December 31, 2020, scheduled maturities related to the Credit Agreement — Term Loan Facility for the five succeeding years are shown below (in millions):