Annual report pursuant to Section 13 and 15(d)

Long-Term Debt

v3.22.4
Long-Term Debt
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following:
December 31, 2022 December 31, 2021
(In millions)
2021 Revolving Credit Facility (1) $ —  $ — 
4.625% Senior Notes due 2029 (the “4.625% Notes”) 650.0  650.0 
4.875% Senior Notes due 2031 (the “4.875% Notes”) 500.0  500.0 
2019 Mortgage Facility (2) 327.0  90.0 
Mortgage notes to finance companies - fixed rate, bearing interest from 2.05% to 7.03% 186.6  213.4 
Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR or SOFR 116.0  132.8 
   Subtotal $ 1,779.6  $ 1,586.2 
Debt issuance costs (27.9) (24.9)
Total debt 1,751.7  1,561.3 
Less current maturities (79.5) (50.6)
Long-term debt $ 1,672.2  $ 1,510.7 
(1)The interest rate on the 2021 Revolving Credit Facility (as defined below) was 100 basis points above one-month Term SOFR at December 31, 2022 and 100 basis points above LIBOR at December 31, 2021.
(2)The interest rate on the 2019 Mortgage Facility (as defined below) was 125 basis points above one-month Term SOFR at December 31, 2022 and 150 basis points above LIBOR at December 31, 2021.