Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following (in millions):

	March 31, 2024		December 31, 2023
Senior Secured Credit Facility:
$500 million revolving credit facility, due 2028	$	—	$	—
Term loan B, due 2030	497.5		498.8
Unsecured Senior Notes, due 2028	550.0		550.0
	1,047.5		1,048.8
Unamortized deferred loan costs	(6.2)		(7.2)
Term loan B, principal payments due in the next 12 months	(5.0)		(5.0)
Long-term debt	$	1,036.3	$	1,036.6

__________

The Company is required to make quarterly minimum principal payments totaling $5.0 million annually on the term loan until its maturity date; this amount is included in other current liabilities on the accompanying condensed consolidated balance sheets. Taking into consideration the $5.0 million annual required principal payments, the balance due at maturity will be $466.3 million.