Debt (Tables)

6 Months Ended

Jun. 30, 2020

A summary of long-term debt is as follows:


(In millions)	Interest Rate as of June 30, 2020		June 30, 2020		December 31, 2019
Current portion of long-term debt:


2020 Floating Rate Euro Notes^{(a) **}			—		560.6
2020 Euro Senior Notes^**	1.250	%	842.1		840.1
2020 Senior Notes^**	3.750	%	50.0		50.0
2021 Senior Notes ^**	3.150	%	2,249.5		—
Other			6.3		8.3
Deferred financing fees			(3.5)		(1.4)
Current portion of long-term debt			$	3,144.4	$	1,457.6

Non-current portion of long-term debt:

2021 Senior Notes ^**	3.150	%	—		2,249.2
2023 Senior Notes ^(b) ^*	3.125	%	789.3		771.8
2023 Senior Notes ^*	4.200	%	499.2		499.1
2024 Euro Senior Notes ^**	2.250	%	1,121.6		1,119.3
2025 Euro Senior Notes ^*	2.125	%	560.7		559.6
2026 Senior Notes ^**	3.950	%	2,238.9		2,238.1
2028 Euro Senior Notes ^**	3.125	%	836.2		834.3
2028 Senior Notes ^*	4.550	%	748.5		748.4
2043 Senior Notes ^*	5.400	%	497.2		497.2
2046 Senior Notes^**	5.250	%	999.9		999.8
2048 Senior Notes^*	5.200	%	747.7		747.7
Other			6.4		8.9
Deferred financing fees			(51.2)		(59.1)
Long-term debt			$	8,994.4	$	11,214.3

____________

^(a) The 2020 Floating Rate Euro Notes were repaid at maturity in the second quarter of 2020. The instrument bore interest at a rate of three-month EURIBOR plus 0.50% per annum, reset quarterly.

^(b)In the first quarter of 2020, the Company terminated interest rate swaps designated as a fair value hedge resulting in net proceeds of approximately $45 million. The fair value adjustment will be amortized to interest expense over the remaining term of the notes.

^* Instrument was issued by Mylan Inc.

^**Instrument was issued by Mylan N.V.

Minimum Repayments on Outstanding Borrowings

Mandatory minimum repayments remaining on the notional amount of outstanding long-term debt at June 30, 2020 were as follows for each of the periods ending December 31:


(In millions)	Total
2020	$	893
2021	2,250
2022	—
2023	1,250
2024	1,123
Thereafter	6,654
Total	$	12,170

Mylan N.V. 10-Q