Annual report pursuant to Section 13 and 15(d)

Long-Term Debt

v3.24.0.1
Long-Term Debt
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following:
December 31, 2023 December 31, 2022
(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) 311.0  327.0 
Mortgage notes to finance companies - fixed rate, bearing interest from 2.05% to 7.03% 163.0  186.6 
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 75.6  116.0 
   Subtotal $ 1,699.6  $ 1,779.6 
Debt issuance costs (23.0) (27.9)
Total debt 1,676.6  1,751.7 
Less current maturities (60.1) (79.5)
Long-term debt $ 1,616.5  $ 1,672.2 
(1)The interest rate on the 2021 Revolving Credit Facility (as defined below) was 125 basis points above one-month Term SOFR (as defined in the 2021 Credit Facilities) at December 31, 2023 and 100 basis points above one-month LIBOR at December 31, 2022.
(2)The interest rate on the 2019 Mortgage Facility (as defined below) was 150 basis points above one-month Term SOFR (as defined in the 2019 Mortgage Facility) at December 31, 2023 and 125 basis points above one-month LIBOR at December 31, 2022.