v3.25.2
LONG-TERM OBLIGATIONS LONG-TERM OBLIGATIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of the following for the periods indicated (amounts in millions):
June 30, 2025December 31, 2024
$450.0 million Term Loan; interest rate at Base Rate plus Applicable Rate or Term SOFR plus Applicable Rate (5.9% at June 30, 2025); due July 30, 2027
$338.1 $349.4 
$550.0 million Revolving Credit Facility; interest only payments; interest rate at Base Rate plus Applicable Rate or Term SOFR plus Applicable Rate; due July 30, 2027
— — 
Finance leases26.7 29.5 
Principal amount of long-term obligations364.8 378.9 
Deferred debt issuance costs(1.6)(1.6)
363.2 377.3 
Current portion of long-term obligations(36.8)(38.0)
Long-term obligations, less current portion$326.4 $339.3 
Schedule of Commitment Fee Under Credit Facilities We are also subject to a commitment fee and letter of credit fee under the terms of the Fourth Amended Credit Agreement, as presented in the table below.
Pricing TierConsolidated Leverage RatioBase Rate LoansTerm SOFR Loans and SOFR Daily Floating Rate LoansCommitment FeeLetter of Credit Fee
I
> 3.00 to 1.0
1.00%2.00%0.30%1.75%
II
< 3.00 to 1.0 but > 2.00 to 1.0
0.75%1.75%0.25%1.50%
III
< 2.00 to 1.0 but > 0.75 to 1.0
0.50%1.50%0.20%1.25%
IV
< 0.75 to 1.0
0.25%1.25%0.15%1.00%