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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | As of December 31, 2016 and 2015, the Company's subsidiaries, Clear Channel Worldwide Holdings, Inc. ("CCWH") and Clear Channel International B.V. had outstanding notes consisting of:
(In thousands) |  |  |  |  |  |  | December 31, |  | December 31,
| Maturity Date |  | Interest Rate |  | Interest Payment Terms |  | 2016 |  | 2015
CCWH Senior Notes: |  |  |  |  |  |  |  |  |
6.5% Series A Senior Notes Due 2022 | 11/15/2022 |  | 6.5% |  | Payable to the trustee weekly in arrears and to noteholders on May 15 and November 15 of each year |  | $ | 735,750 |  |  | $ | 735,750 |
6.5% Series B Senior Notes Due 2022 | 11/15/2022 |  | 6.5% |  | Payable to the trustee weekly in arrears and to noteholders on May 15 and November 15 of each year |  | 1,989,250 |  |  | 1,989,250 |
CCWH Senior Subordinated Notes: |  |  |  |  |  |  |  |
7.625% Series A Senior Notes Due 2020 | 3/15/2020 |  | 7.625% |  | Payable to the trustee weekly in arrears and to noteholders on March 15 and September 15 of each year |  | 275,000 |  |  | 275,000 |
7.625% Series B Senior Notes Due 2020 | 3/15/2020 |  | 7.625% |  | Payable to the trustee weekly in arrears and to noteholders on March 15 and September 15 of each year |  | 1,925,000 |  |  | 1,925,000 |
Total CCWH Notes |  |  |  |  |  |  | $ | 4,925,000 |  |  | $ | 4,925,000 |
Clear Channel International B.V. Senior Notes: |  |  |  |  |  |
8.75% Senior Notes Due 2020 | 12/15/2020 |  | 8.75% |  | Payable semi-annually in arrears on June 15 and December 15 of each year |  | $ | 225,000 |  |  | $ | 225,000 |
Total Subsidiary Senior Notes |  |  |  |  |  |  | $ | 5,150,000 |  |  | $ | 5,150,000 |
As of December 31, 2016 and 2015, iHeartCommunications had outstanding senior notes (net of $57.1 million aggregate principal amount held by a subsidiary of iHeartCommunications) consisting of:
(In thousands) | December 31, |  | December 31,
| 2016 |  | 2015
5.5% Senior Notes Due 2016(1) | $ | — |  |  | $ | 192,900 |
6.875% Senior Notes Due 2018 | 175,000 |  |  | 175,000 |
7.25% Senior Notes Due 2027 | 300,000 |  |  | 300,000 |
Total Legacy Notes | $ | 475,000 |  |  | $ | 667,900 |
(1) | In December 2016, iHeartCommunications repaid at maturity $192.9 million of 5.5% Senior Notes due 2016 and did not pay $57.1 million of the notes held by a subsidiary of the Company. The $57.1 million of aggregate principal amount remains outstanding and is eliminated for purposes of consolidation of the Company’s financial statements.
As of December 31, 2016 and 2015, iHeartCommunications had outstanding Priority Guarantee Notes consisting of:
(In thousands) |  |  |  |  |  |  | December 31, |  | December 31,
| Maturity Date |  | Interest Rate |  | Interest Payment Terms |  | 2016 |  | 2015
9.0% Priority Guarantee Notes due 2019 | 12/15/2019 |  | 9.0% |  | Payable semi-annually in arrears on June 15 and December 15 of each year |  | $ | 1,999,815 |  |  | $ | 1,999,815 |
9.0% Priority Guarantee Notes due 2021 | 3/1/2021 |  | 9.0% |  | Payable semi-annually in arrears on March 1 and September 1 of each year |  | 1,750,000 |  |  | 1,750,000 |
11.25% Priority Guarantee Notes due 2021 | 3/1/2021 |  | 11.25% |  | Payable semi-annually in arrears on March 1 and September 1 of each year |  | 575,000 |  |  | 575,000 |
9.0% Priority Guarantee Notes due 2022 | 9/15/2022 |  | 9.0% |  | Payable semi-annually in arrears on March 15 and September 15 of each year |  | 1,000,000 |  |  | 1,000,000 |
10.625% Priority Guarantee Notes due 2023 | 3/15/2023 |  | 10.625% |  | Payable semi-annually in arrears on March 15 and September 15 of each year |  | 950,000 |  |  | 950,000 |
Total Priority Guarantee Notes |  |  |  |  | $ | 6,274,815 |  |  | $ | 6,274,815 |
As of December 31, 2016 and 2015, iHeartCommunications had senior secured credit facilities consisting of:
(In thousands) |  |  | December 31, |  | December 31,
| Maturity Date |  | 2016 |  | 2015
Term Loan D | 1/30/2019 |  | $ | 5,000,000 |  |  | $ | 5,000,000 |
Term Loan E | 7/30/2019 |  | 1,300,000 |  |  | 1,300,000 |
Total Senior Secured Credit Facilities |  |  | $ | 6,300,000 |  |  | $ | 6,300,000 |
Long-term debt at December 31, 2016 and 2015 consisted of the following:
(In thousands) | December 31, |  | December 31,
| 2016 |  | 2015
Senior Secured Credit Facilities | $ | 6,300,000 |  |  | $ | 6,300,000 |
Receivables Based Credit Facility Due 2017 | 330,000 |  |  | 230,000 |
Priority Guarantee Notes | 6,274,815 |  |  | 6,274,815 |
Subsidiary Revolving Credit Facility Due 2018 | — |  |  | — |
Other Secured Subsidiary Debt | 20,987 |  |  | 25,228 |
Total Consolidated Secured Debt | 12,925,802 |  |  | 12,830,043 |
14.0% Senior Notes Due 2021 | 1,729,168 |  |  | 1,695,097 |
Legacy Notes(1) | 475,000 |  |  | 667,900 |
10.0% Senior Notes Due 2018 | 347,028 |  |  | 730,000 |
Subsidiary Senior Notes | 5,150,000 |  |  | 5,150,000 |
Other Subsidiary Debt | 27,954 |  |  | 165 |
Purchase accounting adjustments and original issue discount | (166,961 | ) |  | (204,611 | )
Long-term debt fees | (123,003 | ) |  | (147,983 | )
| 20,364,988 |  |  | 20,720,611 |
Less: current portion | 342,908 |  |  | 181,512 |
Total long-term debt | $ | 20,022,080 |  |  | $ | 20,539,099 |
(1) | The Legacy Notes amount does not include $57.1 million aggregate principal amount of 5.5% Senior Notes due 2016, which matured on December 15, 2016 and continue to remain outstanding. These notes are held by a subsidiary of the Company and are eliminated for purposes of consolidation of the Company’s financial statements.
Schedule of Future Maturities of Long-term Debt | Future maturities of long-term debt at December 31, 2016 are as follows:
(in thousands) |
2017 | $ | 343,450 |
2018 | 534,287 |
2019 | 8,304,297 |
2020 | 2,430,131 |
2021 | 4,060,007 |
Thereafter | 4,982,780 |
Total (1) (2) | $ | 20,654,952 |
(1) | Excludes purchase accounting adjustments and original issue discount of $167.0 million and long-term debt fees of $123.0 million, which are amortized through interest expense over the life of the underlying debt obligations.
(2) | Excludes certain estimated applicable high yield discount obligation (“AHYDO”) catch-up payments on the principal amount outstanding of Senior Notes due 2021 of $24.8 million, $64.7 million, and $68.4 million in 2018, 2019 and 2020, respectively.

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