DEBT (Tables)

6 Months Ended

Jun. 30, 2025

Long-term loans, notes and other financing obligations, consisted of the following:


	June 30, 2025		December 31, 2024		June 30, 2024
Financing Obligations	($ in millions)
Fixed-rate Financing
9.50% senior notes, due 2025 (2025 Notes)	$	—	$	108.6	$	108.6
5.125% senior notes, due 2027 (2027 Notes)	—		500.0		500.0
5.625% senior notes, due 2029	669.3		669.3		669.3
5.00% senior notes, due 2030	515.3		515.3		515.3
6.625% senior notes, due 2033 (2033 Notes)	600.0		—		—
Variable-rate Financing
Term Loan Facilities	645.9		332.5		336.9
Revolving Credit Facilities	35.0		170.0		411.0
Receivables Financing Agreements	465.0		475.0		298.8
Recovery zone bonds	83.0		83.0		83.0

Industrial development and environmental improvement obligations	2.9		2.9		2.9
Other
Deferred debt issuance costs	(19.7)		(14.3)		(14.8)
Unamortized bond original issue discount	—		(0.1)		(0.1)
Total debt	2,996.7		2,842.2		2,910.9
Amounts due within one year	19.2		129.0		121.8
Total long-term debt	$	2,977.5	$	2,713.2	$	2,789.1

Schedule of Debt

During the six months ended June 30, 2025 and 2024, activity of our outstanding debt included:


	Six Months Ended June 30,
	2025		2024
Long-term Debt Borrowings (Repayments)	($ in millions)
Borrowings
Term Loan Facilities	$	650.0	$	—
Revolving Credit Facilities	510.0		465.0
Receivables Financing Agreements	570.0		46.5
2033 Notes	600.0		—
Total borrowings	2,330.0		511.5
Repayments
Go zone bonds, due 2024	—		(50.0)
Recovery zone bonds, due 2024	—		(20.0)
Term Loan Facilities	(336.6)		(4.4)
Revolving Credit Facilities	(645.0)		(122.0)
Receivables Financing Agreements	(580.0)		(76.2)
2025 Notes	(108.6)		—
2027 Notes	(500.0)		—
Total repayments	(2,170.2)		(272.6)
Long-term debt borrowings, net	$	159.8	$	238.9

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details