The Company’s debt obligations consisted of the following:


(dollars in millions)	Maturity Date	Interest Rate	June 30, 2026		December 31, 2025
Term Loans (1)	2030	SOFR plus 1.75%	$	1,272.9	$	830.3
Senior Notes - $800 million (2)	2028	3.875%	796.5		795.6
Borrowings under the Revolving Credit Facility	2031	SOFR plus 1.50%	50.0		—


Total debt			2,119.4		1,625.9
Less: current installments of long-term debt and revolving credit facilities			62.9		—
Total long-term debt			$	2,056.5	$	1,625.9

(1) Term loans, net of unamortized discounts and debt issuance costs of $10.1 million and $5.9 million at June 30, 2026 and December 31, 2025, respectively. The effective interest rate was 4.4% and 4.5% at June 30, 2026 and December 31, 2025, respectively, including the effects of interest rate swaps and net investment hedges. See Note 7, Financial Instruments, to the unaudited Condensed Consolidated Financial Statements for further information regarding the Company's interest rate swaps and net investment hedges.

(2) Senior notes, net of unamortized debt issuance costs of $3.5 million and $4.4 million at June 30, 2026 and December 31, 2025, respectively. The effective interest rate was 4.1% at both June 30, 2026 and December 31, 2025.