Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.1
Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt and capital lease obligations The Company’s debt and capital lease obligations consisted of the following:
 (dollars in millions)
Maturity Date
 
Interest Rate
 
March 31,
2019
 
December 31,
2018
Senior Notes - USD 800 million (1)
2025
 
5.875%
 
$
785.3

 
$
784.9

Senior Notes - USD 1.10 billion (1)
2022
 
6.50%
 

 
1,067.1

Senior Notes - EUR 350 million (1)
2023
 
6.00%
 

 
397.4

USD Term Loans (2)
2026
 
LIBOR plus 2.25%
 
738.0

 

First Lien Credit Facility - USD Term Loans (2)
2020
 
> of 3.50% or LIBOR plus 2.50%
 

 
624.3

First Lien Credit Facility - USD Term Loans (2)
2021
 
> of 4.00% or LIBOR plus 3.00%
 

 
1,124.7

First Lien Credit Facility - Euro Term Loans (2)
2020
 
> of 3.25% or EURIBOR plus 2.50%
 

 
666.2

First Lien Credit Facility - Euro Term Loans (2)
2021
 
> of 3.50% or EURIBOR plus 2.75%
 

 
685.3

Borrowings under the Revolving Credit Facility
2024
 
LIBOR plus 2.25%
 
120.0

 
25.0

Borrowings under lines of credit
 
 
 
 
0.2

 

Other
 
 
 
 
1.0

 
1.1

Total debt and capital lease obligations
 
1,644.5

 
5,376.0

Less: current installments of long-term debt and revolving credit facilities
 
128.0

 
25.3

Total long-term debt and capital lease obligations
 
$
1,516.5

 
$
5,350.7


(1) 
Senior notes, net of unamortized premium, discounts and debt issuance costs of $14.7 million and $29.9 million at March 31, 2019 and December 31, 2018, respectively. Weighted average effective interest rate of 6.2% and 6.5% at March 31, 2019 and December 31, 2018, respectively.
(2)
Term loans, net of unamortized discounts and debt issuance costs of $10.2 million and $22.4 million at March 31, 2019 and December 31, 2018, respectively. Weighted average effective interest rate of 2.5% and 4.6% at March 31, 2019 and December 31, 2018, respectively, including the effects of interest rate swaps and net investment hedges. See Note 8, Financial Instruments, to the Company's unaudited interim Condensed Consolidated Financial Statements for further information regarding the Company's interest rate swaps and net investment hedges.