v3.26.1
Long-term Debt and Short-term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Notes Payable and Long-Term Debt

Notes payable and long-term debt, listed in order of the priority of security interests in assets of the Company, consisted of the following as of June 30, 2026 and December 31, 2025:

 

(in millions)

 

June 30, 2026

 

 

December 31, 2025

 

Euro Senior Secured Term Loan A, due October 2029 (floating interest rate of 4.54% at June 30, 2026 and 4.27% at December 31, 2025)

 

$

95.0

 

 

$

101.3

 

Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.54% at June 30, 2026 and 4.27% at December 31, 2025)

 

 

110.8

 

 

 

106.9

 

U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.05% at June 30, 2026 and 6.06% at December 31, 2025)

 

 

113.6

 

 

 

33.6

 

Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.72% at June 30, 2026 and 6.03% at December 31, 2025)

 

 

27.2

 

 

 

24.1

 

Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)

 

 

575.0

 

 

 

575.0

 

Other borrowings

 

 

12.2

 

 

 

—

 

Total debt

 

 

933.8

 

 

 

840.9

 

Less:

 

 

 

 

 

 

Current portion

 

 

33.8

 

 

 

30.8

 

Debt issuance costs, unamortized

 

 

3.4

 

 

 

4.1

 

Long-term debt, net

 

$

896.6

 

 

$

806.0

 
Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio

The current pricing for borrowings under the Credit Agreement is as follows:

 

Consolidated Leverage Ratio

 

Applicable Rate on Euro/AUD/CDN Loans

 

Applicable Rate on Base Rate Loans

 

Undrawn Fee

> 4.25

 

2.25 %

 

1.25 %

 

0.375 %

> 3.5

 

2.00 %

 

1.00 %

 

0.350 %

> 2.5

 

1.75 %

 

0.75 %

 

0.300 %

≤ 2.5

 

1.50 %

 

0.50 %

 

0.250 %