XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LONG-TERM DEBT (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Outstanding | Long-term debt outstanding as of September 30, 2017 and December 31, 2016 consisted of the following:
(In thousands) | September 30, 2017 |  | December 31, 2016
Senior Secured Credit Facilities(1) | $ | 6,300,000 |  |  | $ | 6,300,000 |
Receivables Based Credit Facility Due 2017(2) | 365,000 |  |  | 330,000 |
9.0% Priority Guarantee Notes Due 2019 | 1,999,815 |  |  | 1,999,815 |
9.0% Priority Guarantee Notes Due 2021 | 1,750,000 |  |  | 1,750,000 |
11.25% Priority Guarantee Notes Due 2021 | 825,546 |  |  | 575,000 |
9.0% Priority Guarantee Notes Due 2022 | 1,000,000 |  |  | 1,000,000 |
10.625% Priority Guarantee Notes Due 2023 | 950,000 |  |  | 950,000 |
Subsidiary Revolving Credit Facility Due 2018(3) | — |  |  | — |
Other secured subsidiary debt(4) | 8,681 |  |  | 20,987 |
Total consolidated secured debt | 13,199,042 |  |  | 12,925,802 |
14.0% Senior Notes Due 2021(5) | 1,763,925 |  |  | 1,729,168 |
Legacy Notes(6) | 475,000 |  |  | 475,000 |
10.0% Senior Notes Due 2018 | 96,482 |  |  | 347,028 |
Subsidiary Senior Notes due 2022 | 2,725,000 |  |  | 2,725,000 |
Subsidiary Senior Subordinated Notes due 2020 | 2,200,000 |  |  | 2,200,000 |
Clear Channel International B.V. Senior Notes due 2020 | 375,000 |  |  | 225,000 |
Other subsidiary debt | 25,588 |  |  | 27,954 |
Purchase accounting adjustments and original issue discount | (142,796 | ) |  | (166,961 | )
Long-term debt fees | (102,341 | ) |  | (123,003 | )
Total debt | 20,614,900 |  |  | 20,364,988 |
Less: current portion | 619,003 |  |  | 342,908 |
Total long-term debt | $ | 19,995,897 |  |  | $ | 20,022,080 |
(1) | Term Loan D and Term Loan E mature in 2019.
(2) | The Receivables Based Credit Facility, which matures December 24, 2017, provides for borrowings up to the lesser of $535.0 million (the revolving credit commitment) or the borrowing base, subject to certain limitations contained in iHeartCommunications' material financing agreements.
(3) | The Subsidiary Revolving Credit Facility provides for borrowings up to $75.0 million (the revolving credit commitment).
(4) | Other secured subsidiary debt matures at various dates from 2017 through 2045.
(5) | The 14.0% Senior Notes due 2021 are subject to required payments at various dates from 2018 through 2021. 2.0% per annum of the interest is paid through the issuance of payment-in-kind notes in the first and third quarters.
(6) | iHeartCommunications' Legacy Notes, all of which were issued prior to the acquisition of iHeartCommunications by the Company in 2008, consist of Senior Notes maturing at various dates in 2018 and 2027, as well as $57.1 million of Senior Notes due 2016 held by a subsidiary of the Company that remain outstanding but are eliminated for purposes of consolidation of the Company’s financial statements.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration