| Summary of Long-term Debt, Net |
Long-term debt, net, consists of the following as of September 30, 2020 and December 31, 2019:
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September 30, 2020
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December 31, 2019
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Term Loan due 2027
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$
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2,189.0
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|
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|
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$
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—
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ABL Revolving Credit Facility
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100.0
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145.2
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Term Loan due 2023
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—
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2,070.0
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9.250% Notes due 2024
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—
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750.0
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12.00%/13.00% Senior PIK Toggle Notes due 2022
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—
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500.0
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10.00% Notes due 2024
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—
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120.0
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Unamortized discount and issuance costs
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(32.2)
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(117.9)
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2,256.8
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3,467.3
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Less: Current Portion
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(22.0)
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—
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Total long-term debt, net of current portion
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$
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2,234.8
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$
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3,467.3
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December 31,
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December 31,
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2019
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2018
|
|
Term Loan due 2023
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$
|
2,070.0
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|
$
|
2,070.0
|
|
9.250% Senior notes due 2024
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|
750.0
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|
|
750.0
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12.00%/13.00% PIK notes due 2022
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|
500.0
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|
|
500.0
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|
ABL Revolving Credit Facility
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|
|
145.2
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|
|
245.1
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|
10.00% notes due 2024
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|
120.0
|
|
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—
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|
Unamortized discount and issuance costs
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|
|
(117.9)
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|
|
(137.3)
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Long-term debt, net
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|
$
|
3,467.3
|
|
$
|
3,427.8
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|
| Schedule of Maturities of Long-term Debt |
Contractual maturities of the Company’s debt obligations as of September 30, 2020 are shown below:
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Term Loan
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ABL
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Short-term
borrowings
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Total
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Remainder of 2020
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$
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5.5
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$
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—
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$
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19.1
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|
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|
$
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24.6
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2021
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22.0
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|
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—
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—
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22.0
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2022
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22.0
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|
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—
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|
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|
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—
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22.0
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2023
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|
|
22.0
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|
|
|
|
|
—
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|
|
|
|
|
—
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|
|
|
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|
22.0
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2024
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|
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|
22.0
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|
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—
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—
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22.0
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2025
|
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22.0
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|
100.0
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|
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—
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|
|
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|
|
122.0
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Thereafter
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2,073.5
|
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—
|
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|
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—
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2,073.5
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Total
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|
$
|
2,189.0
|
|
|
|
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$
|
100.0
|
|
|
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|
$
|
19.1
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|
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|
$
|
2,308.1
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9.250% Senior
|
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|
|
|
|
|
|
|
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|
|
|
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Term Loan
|
|
Notes
|
|
PIK Notes
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|
ABL
|
|
10.00% Notes
|
|
Total
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|
2020
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
2021
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
145.2
|
|
|
—
|
|
|
145.2
|
|
2022
|
|
|
—
|
|
|
—
|
|
|
500.0
|
|
|
—
|
|
|
—
|
|
|
500.0
|
|
2023
|
|
|
2,070.0
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,070.0
|
|
2024
|
|
|
—
|
|
|
750.0
|
|
|
—
|
|
|
—
|
|
|
120.0
|
|
|
870.0
|
|
Total
|
|
$
|
2,070.0
|
|
$
|
750.0
|
|
$
|
500.0
|
|
$
|
145.2
|
|
$
|
120.0
|
|
$
|
3,585.2
|
|
|