Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.3
Debt (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Debt and capital lease obligations
The Company’s debt and finance lease obligations consisted of the following:
 (dollars in millions) Maturity Date Interest Rate September 30, 2019 December 31, 2018
USD Term Loans (1)
2026
LIBOR plus 2.25%
$ 734.9    $ —   
Senior Notes - USD 800 million (2)
2025 5.875%    786.2    784.9   
Senior Notes - USD 1.10 billion (2)
2022 6.50%    —    1,067.1   
Senior Notes - EUR 350 million (2)
2023 6.00%    —    397.4   
First Lien Credit Facility - USD Term Loans (1)
2020
> of 3.50% or LIBOR plus 2.50%
—    624.3   
First Lien Credit Facility - USD Term Loans (1)
2021
> of 4.00% or LIBOR plus 3.00%
—    1,124.7   
First Lien Credit Facility - Euro Term Loans (1)
2020
> of 3.25%or EURIBOR plus 2.50%
—    666.2   
First Lien Credit Facility - Euro Term Loans (1)
2021
> of 3.50% or EURIBOR plus 2.75%
—    685.3   
Borrowings under the Revolving Credit Facility 2024
LIBOR plus 2.25%
—    25.0   
Other 0.9    1.1   
Total debt and finance lease obligations 1,522.0    5,376.0   
Less: current installments of long-term debt and revolving credit facilities 7.8    25.3   
Total long-term debt and finance lease obligations $ 1,514.2    $ 5,350.7   

(1) Term loans, net of unamortized discounts and debt issuance costs of $9.5 million and $22.4 million at September 30, 2019 and December 31, 2018, respectively. Weighted average effective interest rate of 2.4% and 4.6% at September 30, 2019 and December 31, 2018, respectively, including the effects of interest rate swaps and net investment hedges. See Note 8, Financial Instruments, for further information regarding the Company's interest rate swaps and net investment hedges.
(2) Senior notes, net of unamortized premium, discounts and debt issuance costs of $13.8 million and $29.9 million at September 30, 2019 and December 31, 2018, respectively. Weighted average effective interest rate of 6.2% and 6.5% at September 30, 2019 and December 31, 2018, respectively.