v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt

Outstanding debt as of March 31, 2026 and December 31, 2025 is summarized as follows:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Borrowings under senior secured asset based revolving
   credit facility

 

$

134.4

 

 

$

144.6

 

Senior secured second lien notes due 2031

 

 

300.0

 

 

 

300.0

 

Other debt

 

 

17.2

 

 

 

20.6

 

Deferred financing costs

 

 

(4.2

)

 

 

(4.4

)

Total debt

 

 

447.4

 

 

 

460.8

 

Short-term borrowings and current portion of long-term
   debt

 

 

(10.8

)

 

 

(13.7

)

Long-term debt

 

$

436.6

 

 

$

447.1

 
Schedule of Revolving Credit Facility Bear Interest at Variable Rate Based Upon Average Quarterly Availability The variable interest rate is based upon the average availability as of the most recent determination date as follows:

 

Average quarterly availability

Alternative base rate spread

SOFR spread

Category 1

≥ 66% of Aggregate Commitment

0.25%

1.25%

Category 2

< 66% but ≥ 33% of Aggregate Commitment

0.50%

1.50%

Category 3

< 33% of Aggregate Commitment

0.75%

1.75%