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Long Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Components of Long-Term Debt | Long-term debt of Holdings and CUSA consisted of the following for the periods presented:
| March 31, |  |  | December 31, |
| 2025 |  |  | 2024 |
Cinemark Holdings, Inc. 4.50% convertible senior notes due August 2025 | $ | 460.0 |  |  | $ | 460.0 |
Cinemark USA, Inc. term loan due May 2030 |  | 637.1 |  |  |  | 638.7 |
Cinemark USA, Inc. 5.25% senior notes due July 2028 |  | 765.0 |  |  |  | 765.0 |
Cinemark USA, Inc. 7.00% senior notes due August 2032 |  | 500.0 |  |  |  | 500.0 |
Total long-term debt carrying value (1) | $ | 2,362.1 |  |  | $ | 2,363.7 |
Less: Current portion, net of unamortized debt issuance costs |  | 465.1 |  |  |  | 464.3 |
Less: Debt issuance costs and original issue discount, net of accumulated amortization (1) |  | 26.9 |  |  |  | 29.0 |
Long-term debt, less current portion, net of unamortized debt issuance costs and original issue discount (1) | $ | 1,870.1 |  |  | $ | 1,870.4 |
(1) The only differences between the long-term debt for Holdings, as presented above, and the long-term debt for CUSA are the $460.0 4.50% Convertible Senior Notes due August 2025 and the related debt issuance costs. The following table sets forth, as of the periods indicated, the total long-term debt carrying value, current portion of long-term debt and debt issuance costs, net of amortization, for CUSA.
| March 31, |  |  | December 31, |
| 2025 |  |  | 2024 |
Total long-term debt carrying value | $ | 1,902.1 |  |  | $ | 1,903.7 |
Less: Current portion |  | 6.4 |  |  |  | 6.4 |
Less: Debt issuance costs and original issue discount, net of accumulated amortization |  | 25.6 |  |  |  | 26.9 |
Long-term debt, less current portion, net of unamortized debt issuance costs and original issue discount | $ | 1,870.1 |  |  | $ | 1,870.4 |
Summary of Company's Interest Rate Swap Agreements Designated as Cash Flow Hedges | Below is a summary of the Company's interest rate swap agreements, which are designated as cash flow hedges, as of March 31, 2025:
Notional |  |  |  |  |  |  |  |  | Estimated |
Amount |  |  | Pay Rate |  | Receive Rate |  | Expiration Date |  | Fair Value (1) |
$ | 137.5 |  |  | 3.21% |  | 1-Month Term SOFR |  | December 31, 2026 |  | $ | 1.3 |
$ | 175.0 |  |  | 3.20% |  | 1-Month Term SOFR |  | December 31, 2026 |  |  | 1.7 |
$ | 137.5 |  |  | 3.17% |  | 1-Month Term SOFR |  | December 31, 2027 |  |  | 1.8 |
|  |  |  |  |  |  | Total |  | $ | 4.8 |
(1) Approximately $3.1 of the total is included in “Prepaid expenses and other” and $1.7 is included in “Deferred charges and other assets, net” on the condensed consolidated balance sheet as of March 31, 2025.
Schedule of carrying values and fair values of debt instruments | The table below presents the fair value of the Company's long-term debt as of the periods presented:
|  | As of |
|  | March 31, 2025 |  |  | December 31, 2024 |
Holdings fair value (1) |  | $ | 2,699.0 |  |  | $ | 2,903.7 |
CUSA fair value |  | $ | 1,892.2 |  |  | $ | 1,902.1 |
(1) The fair value of the 4.50% convertible senior notes was $806.8 and $1,001.6 as of March 31, 2025 and December 31, 2024, respectively.

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