v3.24.2
Debt (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of information about debt
The following table presents information about our debt:
(dollars in millions)
June 30, 2024
December 31, 2023
Interest termsRateAmount
Receivables facility
SOFR1 plus 0.80%
6.24%
$233.3 $221.0 
Senior secured credit facilities:
Euro term loans B-4
EURIBOR plus 2.50%
6.15%
264.5 630.1 
Euro term loans B-5
EURIBOR plus 2.00%
5.65%
337.8 350.4 
U.S. dollar term loans B-5
SOFR1 plus —%
—%
— 787.6 
U.S. dollar term loans B-6
SOFR1 plus 2.00%
7.44%
760.5 — 
2.625% secured notesfixed rate
2.625%
696.5 718.7 
3.875% unsecured notesfixed rate
3.875%
800.0 800.0 
3.875% unsecured notesfixed rate
3.875%
428.6 442.3 
4.625% unsecured notesfixed rate
4.625%
1,550.0 1,550.0 
Finance lease liabilities67.0 68.3 
Other10.1 11.6 
Total debt, gross5,148.3 5,580.0 
Less: unamortized deferred financing costs(33.3)(43.4)
Total debt$5,115.0 $5,536.6 
Classification on balance sheets:
Current portion of debt$258.4 $259.9 
Debt, net of current portion4,856.6 5,276.7 
━━━━━━━━━
1.SOFR includes credit spread adjustment.
Schedule of availability under credit facilities
The following table presents availability under our credit facilities:
(in millions)
June 30, 2024
Receivables facilityRevolving credit facilityTotal
Capacity$333.5 $975.0 $1,308.5 
Undrawn letters of credit outstanding(14.5)— (14.5)
Outstanding borrowings(233.3)— (233.3)
Unused availability$85.7 $975.0 $1,060.7