Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.20.2
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2020
Schedule of Long-Term Debt

Long-term debt consists of the following:

 

 

 

September 30,

2020

 

 

December 31,

2019

 

 

 

(in millions)

 

Borrowings under senior secured credit facility, carrying value

 

$

981.2

 

 

$

965.3

 

2.625% convertible senior notes due 2024, carrying value of liability component

 

 

454.6

 

 

 

437.4

 

7.875% senior notes due 2025, carrying value

 

 

592.6

 

 

 

 

7.250% senior notes due 2026, carrying value

 

 

395.7

 

 

 

395.3

 

Other

 

 

4.5

 

 

 

5.0

 

Total

 

 

2,428.6

 

 

 

1,803.0

 

Less: current portion

 

 

24.9

 

 

 

24.1

 

Long-term portion

 

$

2,403.7

 

 

$

1,778.9

 

 

Annual Scheduled Principal Payments of Debt

As of September 30, 2020, annual scheduled principal payments of debt were as follows:

 

 

 

Principal Payments

 

 

 

(in millions)

 

2020

 

$

7.3

 

2021

 

 

22.8

 

2022

 

 

27.5

 

2023

 

 

27.5

 

2024

 

 

584.0

 

Thereafter

 

 

1,875.2

 

Total

 

$

2,544.3

 

 

7.875% Senior Notes Due 2025 [Member]  
Schedule of Redemption Prices Express as a Percentage of Principal Amount Furthermore, at any time on or after September 1, 2022, the Company may redeem all or part of the 2025 Notes at the following redemption prices, expressed as percentages of principal amount, plus accrued and unpaid interest thereon to the redemption date, if redeemed during the twelve-month period beginning on September 1 of the years indicated below:

 

 

 

Percentage

 

2022

 

 

103.938

%

2023

 

 

101.969

%

2024 and thereafter

 

 

100.000

%

 

7.250% Senior Notes Due 2026 [Member]  
Schedule of Redemption Prices Express as a Percentage of Principal Amount Furthermore, at any time on or after August 15, 2021, the Company may redeem all or part of the 2026 Notes at the following redemption prices, expressed as percentages of principal amount, plus accrued and unpaid interest thereon to the redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below:

 

 

 

Percentage

 

2021

 

 

103.625

%

2022

 

 

101.813

%

2023 and thereafter

 

 

100.000

%