| Debt outstanding |
Debt outstanding consisted of the following: | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | Senior Secured Term Loan B-5, due in full at maturity (November 15, 2026), with periodic variable interest at Term SOFR plus a credit spread adjustment, or alternate base rate, plus applicable margin (5.52% at March 31, 2026 and 5.57% at December 31, 2025), net of original issue discount and deferred financing fees of less than $0.1 million and $0.1 million, respectively, at March 31, 2026 and December 31, 2025 | | $ | 104.4 | | | $ | 104.4 | | Senior Secured Term Loan A-4, payable in quarterly installments through June 24, 2029, with periodic variable interest at Term SOFR, or alternate base rate, plus applicable margin (4.92% at March 31, 2026 and 4.97% at December 31, 2025), net of original issue discount and deferred financing fees of $0.3 million and $2.4 million, respectively, at March 31, 2026, and of $0.3 million and $2.6 million, respectively, at December 31, 2025 | | 1,232.3 | | | 1,240.2 | | Senior Secured Term Loan B-8, payable in quarterly installments through June 24, 2031, with periodic variable interest at Term SOFR, or alternate base rate, plus applicable margin (5.42% at March 31, 2026 and 5.47% at December 31, 2025), net of original issue discount and deferred financing fees of $3.5 million and $5.1 million, respectively, at March 31, 2026, and of $3.6 million and $5.3 million, respectively, at December 31, 2025 | | 1,883.8 | | | 1,888.3 | | Senior Secured Term Loan B-9, payable in quarterly installments through June 24, 2031, with periodic variable interest at Term SOFR, or alternate base rate, plus applicable margin (5.42% at March 31, 2026 and 5.47% at December 31, 2025), net of original issue discount and deferred financing fees of $6.5 million and $10.7 million, respectively, at March 31, 2026, and of $6.8 million and $11.1 million, respectively, at December 31, 2025 | | 1,844.8 | | | 1,848.8 | | | | | | | Senior Secured Revolving Credit Facility, payable at any time without penalty no later than June 24, 2029, with periodic variable interest at Term SOFR, or alternate base rate, plus applicable margin (4.93% at March 31, 2026) | | 520.0 | | | — | | Other debt | | 22.1 | | | 22.1 | | | Total debt | | 5,607.4 | | | 5,103.8 | | | Less short-term debt and current portion of long-term debt | | (205.0) | | | (196.9) | | | Total long-term debt | | $ | 5,402.4 | | | $ | 4,906.9 | |
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