Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.19.3.a.u2
Debt (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

Long-term debt at December 31, 2019 and December 31, 2018 consisted of the following:
(in millions)
2019
 
2018
Term loan, floating rate due 2023, net of debt issuance costs of $1.3 and $1.6 (A) (D)
$
305.0

 
$
339.7

Senior Notes, 6.375%, due 2049, net of debt issuances costs of $7.8 in 2019
222.2

 
—

Senior Notes, 6.500% due 2048, net of debt issuance costs of $8.2 and $8.5
176.8

 
176.5

Notes, 7.125% due 2027, net of discount of $0.3 and $0.3 and debt issuance costs of $0.4 and $0.4
162.5

 
162.5

Senior Notes, currently 6.625%, due 2049, net of debt issuances costs of $4.4 and $4.5
120.6

 
120.5

Debentures, 7.375% due 2023, net of discount of $0.1 and $0.2 and debt issuance costs of $0.2 and $0.2 (C)
105.2

 
102.6

Loan with Fond du Lac County Economic Development Corporation, 2.0% due 2021, net of discount of $1.6 and $2.3 and debt issuance costs of $0.0 and $0.1
11.1

 
15.3

Notes, various up to 5.8% payable through 2028, net of discount of $0.0 and $0.2
5.9

 
6.9

Term loan, floating rate due 2021, net of debt issuance costs of $0.5 in 2018 (E)
—

 
149.5

Senior Notes, currently 4.625%, due 2021, net of debt issuances costs of $1.0 in 2018 (B)
—

 
147.3

Total long-term debt
1,109.3

 
1,220.8

Current maturities of long-term debt
(41.3
)
 
(41.3
)
Long-term debt, net of current maturities
$
1,068.0

 
$
1,179.5


(A) Beginning in December 2018, scheduled repayment of the 5-year term loan occurs each March, June, September and December equal to 2.50% of the aggregate principal amount of $350.0 million. The remaining principal amount is due August 2023.
(B) Included in Senior notes, 4.625 percent due 2021 at December 31, 2018, is the aggregate fair value related to the fixed-to-floating interest rate swap as discussed in Note 14 – Financial Instruments.
(C) Included in Debentures, 7.375 percent due 2023 at December 31, 2019 and December 31, 2018, are the aggregate fair values related to the fixed-to-floating interest rate swaps as discussed in Note 14 – Financial Instruments.
(D) As of December 31, 2019 and December 31, 2018, the interest rate was 3.50% and 4.10%, respectively.
(E) As of December 31, 2018, the interest rate was 3.85%.
Schedule of Maturities of Long-term Debt, Net
Scheduled maturities, net:
(in millions)
 
2020
$
41.3

2021
42.0

2022
35.7

2023
305.8

2024
0.4

Thereafter
684.1

Total long-term debt including current maturities
$
1,109.3