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DEBT (Tables)
 12 Months Ended
Dec. 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.
December 31,December 31,
20222021
Debt
DIP Term Loan Facility due 2023 (a)
$575.0 $— 
SISO DIP ABL Facility due 2023 (a)
130.0 — 
Tranche A DIP ABL Facility due 2023 (a)
41.8 — 
Spanish Government Loan due 20250.2 0.2 
2021 Foreign Asset-Based Term Facility due 2024 (a)(d)
— 71.2 
Amended 2016 Revolving Credit Facility (Tranche A) due 2024 (c)
— 108.0 
SISO Term Loan Facility due 2024 (c)
— 126.2 
2020 ABL FILO Term Loans due 2023 (f)
— 50.0 
2020 Troubled-debt-restructuring: future interest (e)
— 42.6 
2020 BrandCo Term Loan Facility due 2025 (b)(f)(g)
— 1,749.7 
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025 (h)
— 867.9 
6.25% Senior Notes due 2024 (i)
— 426.9 
Debt$747.0 $3,442.7 
Debt subject to compromise
2020 ABL FILO Term Loans due 2023 (f)
50.0 — 
2020 Troubled-debt-restructuring: future interest (e)
36.0 — 
2020 BrandCo Term Loan Facility due 2025 (b)(f)(g)
1,995.3 — 
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025 (h)
872.4 — 
6.25% Senior Notes due 2024 (i)
431.3 — 
Debt subject to compromise (b)
3,385.0 — 
Total debt, prior to reclassification to Liabilities subject to compromise4,132.0 3,442.7 
Less current portion (*)
(746.9)(137.2)
Less amounts reclassified to Liabilities subject to compromise$(3,385.0)$— 
Long-term debt$0.1 $3,305.5 
Short-term borrowings (**)
$0.2 $0.7 
(*) At December 31, 2022, the Company classified $746.9 million as its current portion of long-term debt, comprised primarily of $575.0 million of short term debt DIP term loans, $130.0 million of short term debt DIP SISO loans and $41.8 million short term debt DIP Tranche A Revolver loans. At December 31, 2021, the Company classified $137.2 million as its current portion of long-term debt, comprised primarily of $108.0 million of net borrowings under the Amended 2016 Revolving Credit Facility, net of debt issuance costs, $18.5 million of payments under the 2020 BrandCo Term Loan Facility due within one year and $9.2 million of payments on the 2016 Term Loan Facility. See below in this Note 8, "Debt," for details regarding the Company's recent debt-related transactions.
(**) The weighted average interest rate on these short-term borrowings outstanding at both December 31, 2022 and 2021 was 11.4%.
Schedule of Line of Credit Facilities At December 31, 2022, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:
CommitmentBorrowing BaseAggregate principal amount outstanding at December 31, 2022
Availability at December 31, 2022 (a)
Tranche A DIP ABL Facility due 2023$270.0 $102.2 $41.8 $60.4 
SISO DIP ABL Facility due 2023130.0 130.0 130.0 — 
2020 ABL FILO Term Loans50.0 50.0 50.0 — 
(a) Availability as of December 31, 2022 is based upon the Tranche A Revolving borrowing base then in effect under Tranche A DIP ABL Facility of $102.2 million less $41.8 million then drawn.
Schedule of Maturities of Long-term Debt
The aggregate amounts of contractual long-term debt maturities at December 31, 2022 in the years 2023 through 2027 and thereafter are as follows:

Years Ended December 31,
Debt Maturities (d)
2023$1,737.7 
(a)
2024431.3 
(b)
20251,963.0 
(c)
2026— 
2027— 
Thereafter— 
Total long-term debt, prior to reclassification to Liabilities subject to compromise4,132.0 
Discounts and deferred finance charges— 
(d)
Total long-term debt, net of discounts and deferred finance charges, prior to reclassification to Liabilities subject to compromise$4,132.0 
(a) Amount consists primarily of: (i) $842.2 million aggregate principal amount outstanding at December 31, 2022 under the 2016 Term Loan Facility due in 2023 and; (ii) $575.0 million aggregate principal amount outstanding at December 31, 2022 under the DIP Term Loan Facility due 2023; (iii) $130.0 million aggregate principal amount outstanding at December 31, 2022 under the SISO DIP ABL Facility due 2023; (iv) $98.6 million B-1 Term Loan Applicable Premium; (v) $50.0 million aggregate principal amount outstanding at December 31, 2022 under the 2020 New ABL FILO Term Loans due in 2023; and (vi) $41.8 million aggregate principal amount outstanding at December 31, 2022 under the Tranche A DIP Facility due 2023.
(b) Amount consists primarily of: (i) $431.3 million aggregate principal amount outstanding at December 31, 2022 under the 6.25% Senior Notes, which are scheduled to mature in August 2024.
(c) Amount consists primarily of: (i) $1,896.7 million aggregate principal amount outstanding at December 31, 2022 under the 2020 BrandCo Facilities; and (ii) $30.2 million remaining aggregate principal amount outstanding at December 31, 2022 under the 2016 Term Loan Facility due in 2025.
(d) The maturities of our debt obligations reflect their original expiration dates and do not reflect any acceleration due to any events of default pertaining to these obligations, which have been reclassified to liabilities subject to compromise. In accordance with ASC 852, during the second quarter of 2022, unamortized deferred financing costs associated with debt classified as liabilities subject to compromise were recorded to "Reorganization items, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss. See Note 1. "Description of Business and Summary of Significant Accounting Policies" and Note 21. "Liabilities Subject to Compromise" in the Company's 2022 10-K for further information.