DEBT (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

The table below details the Company's debt balances, net of discounts and debt issuance costs.

	March 31,		December 31,
	2022		2021
Amended 2016 Revolving Credit Facility (Tranche A) due 2024	$	85.9	$	108.0
SISO Term Loan Facility due 2024	125.5		126.2
2021 Foreign Asset-Based Term Facility due 2024	71.6		71.2
2020 ABL FILO Term Loans due 2023	50.0		50.0
2020 Troubled-debt-restructuring: future interest	39.0		42.6
2020 BrandCo Term Loan Facility due 2025	1,756.6		1,749.7
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	866.5		867.9
6.25% Senior Notes due 2024	427.3		426.9
Spanish Government Loan due 2025	0.3		0.2
Debt	$	3,422.7	$	3,442.7
Less current portion	(115.6)		(137.2)
Long-term debt	$	3,307.1	$	3,305.5
Short-term borrowings (*)	$	0.7	$	0.7

(*)The weighted average interest rate on these short-term borrowings outstanding at both March 31, 2022 and December 31, 2021 was 11.4%.

Schedule of Line of Credit Facilities

At March 31, 2022, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:             

	Commitment		Borrowing Base		Aggregate principal amount outstanding at March 31, 2022		Availability at March 31, 2022 (a)
Tranche A Revolving Credit Facility	$	270.0	$	153.1	$	88.0	$	65.1
SISO Term Loan Facility	130.0		130.0		130.0		—
2020 ABL FILO Term Loans	50.0		43.2		$	50.0	$	—

(a) Availability as of March 31, 2022 is based upon the Tranche A Revolving borrowing base then in effect under Amendment No.9 to the Amended 2016 Revolving Credit Facility of $153.1 million (which includes a $6.8 million reserve for the shortfall of the borrowing base that supports the 2020 ABL FILO Term Loans compared to the corresponding aggregate principal amount outstanding of $50 million), less $88.0 million then drawn.