LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2020

The Company’s long-term debt consisted of the following:


In millions
	September 30, 2020		December 31, 2019
$1.2 billion Senior Credit Facility, due in 2022	$	527.6	$	758.7
$1.3 billion Term Loan, due in 2022	767.7		1,172.2
$600 million Senior Notes, due in 2024	600.0		600.0
Promissory notes and deferred consideration weighted average maturity 2.1 years at 2020 and 2.5 years at 2019	49.8		73.1
Foreign bank debt weighted average maturity 1.2 years at 2020 and 1.6 years at 2019	36.7		42.2
Obligations under finance leases	26.7		30.4
Total debt	2,008.5		2,676.6
Less: current portion of total debt	117.5		103.1
Less: unamortized debt issuance costs	12.3		14.2
Long-term portion of total debt	$	1,878.7	$	2,559.3

Schedule of Outstanding Letters of Credit and the Unused Portion of Senior Credit Facility

Amounts committed to outstanding letters of credit and the unused portion of the Company’s Senior Credit Facility were as follows:


In millions
	September 30, 2020		December 31, 2019
Outstanding letters of credit under Senior Credit Facility	$	80.7	$	33.0
Unused portion of the Senior Credit Facility	591.7		408.3

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details