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DEBT (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | The following table provides details of the Company's outstanding debt:
|  |  |  | Interest Rate |  | March 31, 2022 |  | December 31, 2021
Date Issued |  | Maturity Date |  |  | Principal Amount |  | Carrying Amount (a) |  | Principal Amount |  | Carrying Amount (a)
CSC Holdings Senior Notes: |  |  |  |  |  |  |  |  |  |
September 27, 2012 |  | September 15, 2022 |  | 5.875 | % |  | $ | 649,024 |  |  | $ | 639,996 |  |  | $ | 649,024 |  |  | $ | 635,310 |
May 23, 2014 |  | June 1, 2024 |  | 5.250 | % |  | 750,000 |  |  | 714,781 |  |  | 750,000 |  |  | 711,137 |
October 18, 2018 |  | April 1, 2028 |  | 7.500 | % |  | 4,118 |  |  | 4,113 |  |  | 4,118 |  |  | 4,113 |
November 27, 2018 |  | April 1, 2028 |  | 7.500 | % |  | 1,045,882 |  |  | 1,044,622 |  |  | 1,045,882 |  |  | 1,044,582 |
July 10 and October 7, 2019 |  | January 15, 2030 |  | 5.750 | % |  | 2,250,000 |  |  | 2,282,054 |  |  | 2,250,000 |  |  | 2,282,875 |
June 16 and August 17, 2020 |  | December 1, 2030 |  | 4.625 | % |  | 2,325,000 |  |  | 2,365,965 |  |  | 2,325,000 |  |  | 2,366,886 |
May 13, 2021 |  | November 15, 2031 |  | 5.000 | % |  | 500,000 |  |  | 498,269 |  |  | 500,000 |  |  | 498,234 |
|  |  |  |  |  | 7,524,024 |  |  | 7,549,800 |  |  | 7,524,024 |  |  | 7,543,137 |
CSC Holdings Senior Guaranteed Notes: |  |  |  |  |  |  |  |  |  |
September 23, 2016 |  | April 15, 2027 |  | 5.500 | % |  | 1,310,000 |  |  | 1,306,649 |  |  | 1,310,000 |  |  | 1,306,508 |
January 29, 2018 |  | February 1, 2028 |  | 5.375 | % |  | 1,000,000 |  |  | 994,459 |  |  | 1,000,000 |  |  | 994,262 |
January 24, 2019 |  | February 1, 2029 |  | 6.500 | % |  | 1,750,000 |  |  | 1,747,579 |  |  | 1,750,000 |  |  | 1,747,511 |
June 16, 2020 |  | December 1, 2030 |  | 4.125 | % |  | 1,100,000 |  |  | 1,095,770 |  |  | 1,100,000 |  |  | 1,095,672 |
August 17, 2020 |  | February 15, 2031 |  | 3.375 | % |  | 1,000,000 |  |  | 997,040 |  |  | 1,000,000 |  |  | 996,970 |
May 13, 2021 |  | November 15, 2031 |  | 4.500 | % |  | 1,500,000 |  |  | 1,494,815 |  |  | 1,500,000 |  |  | 1,494,710 |
|  |  |  |  |  | 7,660,000 |  |  | 7,636,312 |  |  | 7,660,000 |  |  | 7,635,633 |
CSC Holdings Restricted Group Credit Facility: |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility |  | January 31, 2024 (c) |  | 2.647 | % | (b) | 740,000 |  |  | 734,574 |  |  | 900,000 |  |  | 893,864 |
Term Loan B |  | July 17, 2025 |  | 2.647 | % |  | 2,857,500 |  |  | 2,849,508 |  |  | 2,865,000 |  |  | 2,856,421 |
Incremental Term Loan B-3 |  | January 15, 2026 |  | 2.647 | % |  | 1,236,750 |  |  | 1,233,418 |  |  | 1,239,938 |  |  | 1,236,394 |
Incremental Term Loan B-5 |  | April 15, 2027 |  | 2.897 | % |  | 2,940,000 |  |  | 2,923,069 |  |  | 2,947,500 |  |  | 2,929,813 |
|  |  |  |  |  | 7,774,250 |  |  | 7,740,569 |  |  | 7,952,438 |  |  | 7,916,492 |
Lightpath Senior Notes: |  |  |  |  |  |  |  |  |  |
September 29, 2020 |  | September 15, 2028 |  | 5.625 | % |  | 415,000 |  |  | 407,342 |  |  | 415,000 |  |  | 407,104 |
Lightpath Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
September 29, 2020 |  | September 15, 2027 |  | 3.875 | % |  | 450,000 |  |  | 442,057 |  |  | 450,000 |  |  | 441,739 |
Lightpath Term Loan |  | November 30, 2027 |  | 3.750 | % |  | 592,500 |  |  | 578,195 |  |  | 594,000 |  |  | 579,119 |
Lightpath Revolving Credit Facility |  | November 30, 2025 |  | (d) |  | — |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | 1,457,500 |  |  | 1,427,594 |  |  | 1,459,000 |  |  | 1,427,962 |
Collateralized indebtedness (see Note 9) | 1,759,017 |  |  | 1,716,600 |  |  | 1,759,017 |  |  | 1,706,997 |
Finance lease obligations | 237,082 |  |  | 237,082 |  |  | 218,735 |  |  | 218,735 |
Notes payable and supply chain financing (e) | 132,874 |  |  | 132,874 |  |  | 97,804 |  |  | 97,804 |
|  |  |  |  |  | 26,544,747 |  |  | 26,440,831 |  |  | 26,671,018 |  |  | 26,546,760 |
Less: current portion of credit facility debt | (78,750) |  |  | (78,750) |  |  | (78,750) |  |  | (78,750) |
Less: current portion of senior notes | (649,024) |  |  | (639,996) |  |  | (649,024) |  |  | (635,310) |
Less: current portion of finance lease obligations | (121,201) |  |  | (121,201) |  |  | (109,204) |  |  | (109,204) |
Less: current portion of notes payable and supply chain financing | (129,466) |  |  | (129,466) |  |  | (94,049) |  |  | (94,049) |
|  |  |  |  |  | (978,441) |  |  | (969,413) |  |  | (931,027) |  |  | (917,313) |
Long-term debt | $ | 25,566,306 |  |  | $ | 25,471,418 |  |  | $ | 25,739,991 |  |  | $ | 25,629,447 |
(a)The carrying amount is net of the unamortized deferred financing costs and/or discounts/premiums and with respect to certain notes, a fair value adjustment resulting from the Cequel and Cablevision acquisitions. (b)At March 31, 2022, $133,706 of the revolving credit facility was restricted for certain letters of credit issued on behalf of the Company and $1,601,294 of the facility was undrawn and available, subject to covenant limitations. (c)The revolving credit facility of an aggregate principal amount of $2,475,000 is priced at LIBOR plus 2.25%. (d)There were no borrowings outstanding under the Lightpath Revolving Credit Facility which provides for commitments in an aggregate principal amount of $100,000. Borrowings bear interest at a rate per annum equal to the adjusted LIBOR rate or the alternate base rate, as applicable, plus the applicable margin, where the applicable margin is (i) with respect to any alternate base rate loan, 2.25% per annum and (ii) with respect to any eurodollar loan, 3.25% per annum. (e)Includes $124,968 related to supply chain financing agreements that are required to be repaid within one year from the date of the respective agreement.
Schedule of Maturities of Long-term Debt | The future maturities of debt payable by the Company under its various debt obligations outstanding as of March 31, 2022, including notes payable and collateralized indebtedness (see Note 9), but excluding finance lease obligations, are as follows:
2022 |  |  |  |  |  | $ | 810,706 |
2023 |  |  |  |  |  | 1,867,882 |
2024 |  |  |  |  |  | 1,568,889 |
2025 |  |  |  |  |  | 2,823,750 |
2026 |  |  |  |  |  | 1,224,938 |
Thereafter |  |  |  |  |  | 18,011,500 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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