Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.25.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Future Maturities of Long-Term Debt
Future maturities of long-term debt are as follows:
Principal
Year Ending December 31, (In millions)
2025 $ 76.1 
2026 52.1 
2027 318.1 
2028 14.2 
2029 651.0 
Thereafter 501.4 
Total $ 1,612.9 
Debt Instrument [Line Items]  
Financial Covenants Include Required Specified Ratios
We were in compliance with the financial covenants under the Credit Facilities and Mortgage Facilities as of December 31, 2024, which include the following:
Covenant

Consolidated
Fixed Charge
Coverage
Ratio

Consolidated
Total Lease
Adjusted Leverage
Ratio
Required Ratio
≥1.20
≤5.75
Ratio as of December 31, 2024 2.15  3.07 
Long-Term Debt
Long-term debt consists of the following:
December 31, 2024 December 31, 2023
(In millions)
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 
Mortgage Facility (2) 366.8  311.0 
Mortgage notes to finance companies - fixed rate, bearing interest from 2.05% to 4.69% 96.1  163.0 
Mortgage notes to finance companies - variable rate —  75.6 
   Subtotal $ 1,612.9  $ 1,699.6 
Debt issuance costs (24.9) (23.0)
Total debt 1,588.0  1,676.6 
Less current maturities (76.1) (60.1)
Long-term debt $ 1,511.9  $ 1,616.5 
(1)The interest rate on the Revolving Credit Facility (as defined below) was 125 basis points above one-month Term SOFR (as defined in the Credit Facilities) at December 31, 2024 and 125 basis points above one-month SOFR at December 31, 2023.
(2)The interest rate on the Mortgage Facility (as defined below) was 150 basis points above one-month Term SOFR (as defined in the Mortgage Facility) at December 31, 2024 and 150 basis points above one-month SOFR at December 31, 2023.