Annual report pursuant to Section 13 and 15(d)

Long-Term Debt

v3.22.0.1
Long-Term Debt
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following:
December 31, 2021 December 31, 2020
(In millions)
2021 Revolving Credit Facility (1) $ —  $ — 
6.125% Senior Subordinated Notes due 2027 (the “6.125% Notes”) —  250.0 
4.625% Senior Notes due 2029 (the “4.625% Notes”) 650.0  — 
4.875% Senior Notes due 2031 (the “4.875% Notes”) 500.0  — 
2019 Mortgage Facility (2) 90.0  100.9 
Mortgage notes to finance companies - fixed rate, bearing interest from 2.05% to 7.03% 213.4  212.1 
Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR 132.8  164.9 
   Subtotal $ 1,586.2  $ 727.9 
Debt issuance costs (24.9) (7.9)
Total debt 1,561.3  720.0 
Less current maturities (50.6) (68.2)
Long-term debt $ 1,510.7  $ 651.8 
(1)The interest rate on the 2021 Revolving Credit Facility (as defined below) was 100 and 150 basis points above LIBOR at both December 31, 2021 and 2020. The balance as of December 31, 2020 was under the Company’s prior revolving credit facility, which was replaced by the 2021 Revolving Credit Facility.
(2)The interest rate on the 2019 Mortgage Facility (as defined below) was 150 basis points above LIBOR at both December 31, 2021 and 2020.