v3.25.1
Debt - Schedule of Senior Secured Credit Facilities and Senior Note (Details)
$ in Millions
3 Months Ended
Mar. 31, 2025
USD ($)
Term A-9 Loans  
Line of Credit Facility [Line Items]  
Increase In Scheduled Quarterly Payment For Loans 1.25%
Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Debt Instrument Carrying Amount $ 0.0
Debt Instrument, Maturity Date Dec. 28, 2027
Quarterly payments percentage on original principal amount 0.00%
5.5% Senior Notes  
Line of Credit Facility [Line Items]  
Debt Instrument Face Amount $ 150.0
5.5% Senior Notes | Senior Notes  
Line of Credit Facility [Line Items]  
Debt Instrument Carrying Amount $ 2,000.0
Debt Instrument, Maturity Date Sep. 30, 2027
Quarterly payments percentage on original principal amount 0.00%
6.5% Senior Notes  
Line of Credit Facility [Line Items]  
Debt Instrument Carrying Amount $ 750.0
Debt Instrument, Maturity Date Jun. 01, 2032
Quarterly payments percentage on original principal amount 0.00%
Senior Secured Credit Facilities | Term B-8 Loans  
Line of Credit Facility [Line Items]  
Debt Instrument Carrying Amount $ 3,350.0
Debt Instrument, Maturity Date May 09, 2031
Quarterly payments percentage on original principal amount (1.00%)
Senior Secured Credit Facilities | Term A-9 Loans  
Line of Credit Facility [Line Items]  
Debt Instrument Carrying Amount $ 790.0
Debt Instrument, Maturity Date Sep. 27, 2029 [1]
Quarterly payments percentage on original principal amount 0.625% [2]
[1] The Term A-9 Loans will mature on the earlier to occur of (1) September 27, 2029 or (2) 91 days prior to the maturity of (x) the 5.5% Senior Notes if more than $150.0 million aggregate principal amount remains outstanding on the 91st day prior to such maturity or (y) the Revolving Credit Facility if more than $150.0 million aggregate principal amount of commitments remain outstanding on the 91st day prior to such maturity, whichever of (x) or (y) comes first.
[2] Scheduled quarterly payment required for the first eight fiscal quarters commencing with the fiscal quarter ending December 31, 2024. The scheduled quarterly payment will increase to 1.250% for each quarter thereafter until the maturity date of the Term A-9 Loans.

 

As of March 31, 2025, we were in compliance with all financial and non-financial covenants.