Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.2
Debt (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Debt and capital lease obligations
The Company’s debt obligations consisted of the following:
 (dollars in millions) Maturity Date Interest Rate September 30, 2020 December 31, 2019
USD Term Loans (1)
2026
LIBOR plus 2.00%
$ 729.0  $ 733.4 
Senior Notes - USD 800 million (2)
2028 3.875% 787.7  — 
Senior Notes - USD 800 million (3)
2025 5.875% —  786.7 
Borrowings under the Revolving Credit Facility 2024
LIBOR plus 2.25%
—  — 
Other 0.7  0.9 
Total debt 1,517.4  1,521.0 
Less: current installments of long-term debt and revolving credit facilities 7.7  7.8 
Total long-term debt $ 1,509.7  $ 1,513.2 

(1) Term loans, net of unamortized discounts and debt issuance costs of $8.0 million and $9.1 million at September 30, 2020 and December 31, 2019, respectively. Weighted average effective interest rate of 2.3% and 2.2% at September 30, 2020 and December 31, 2019, 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 debt issuance costs of $12.3 million at September 30, 2020. Weighted average effective interest rate of 4.1% at September 30, 2020.
(3) Senior notes, net of unamortized discount and debt issuance costs of $13.3 million at December 31, 2019. Weighted average effective interest rate of 6.2% at December 31, 2019.