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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | As of December 31, 2017 and 2016, iHeartCommunications had outstanding Priority Guarantee Notes consisting of:
(In thousands) |  |  |  |  |  |  | December 31, |  | December 31,
| Maturity Date |  | Interest Rate |  | Interest Payment Terms |  | 2017 |  | 2016
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 |  | 870,546 |  |  | 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 |  |  |  |  | $ | 6,570,361 |  |  | $ | 6,274,815 |
As of December 31, 2017 and 2016, 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 |  | 2017 |  | 2016
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 |  | $ | 375,000 |  |  | $ | 225,000 |
Total Subsidiary Senior Notes |  |  |  |  |  |  | $ | 5,300,000 |  |  | $ | 5,150,000 |
As of December 31, 2017 and 2016, iHeartCommunications had senior secured credit facilities consisting of:
(In thousands) |  |  | December 31, |  | December 31,
| Maturity Date |  | 2017 |  | 2016
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 |
(In thousands) | December 31, |  | December 31,
| 2017 |  | 2016
Senior Secured Credit Facilities | $ | 6,300,000 |  |  | $ | 6,300,000 |
Receivables Based Credit Facility Due 2019(1) | 405,000 |  |  | 330,000 |
Priority Guarantee Notes | 6,570,361 |  |  | 6,274,815 |
Subsidiary Revolving Credit Facility Due 2018 | — |  |  | — |
Other Secured Subsidiary Debt | 8,522 |  |  | 20,987 |
Total Consolidated Secured Debt | 13,283,883 |  |  | 12,925,802 |
14.0% Senior Notes Due 2021 | 1,763,925 |  |  | 1,729,168 |
Legacy Notes(2) | 475,000 |  |  | 475,000 |
10.0% Senior Notes Due 2018 | 47,482 |  |  | 347,028 |
Subsidiary Senior Notes | 5,300,000 |  |  | 5,150,000 |
Other Subsidiary Debt | 24,615 |  |  | 27,954 |
Purchase accounting adjustments and original issue discount | (136,653 | ) |  | (166,961 | )
Long-term debt fees | (109,071 | ) |  | (123,003 | )
| 20,649,181 |  |  | 20,364,988 |
Less: current portion | 14,972,367 |  |  | 342,908 |
Total long-term debt | $ | 5,676,814 |  |  | $ | 20,022,080 |
(1) | On November 30, 2017, iHeartCommunications refinanced its receivables based credit facility and replaced it with a $300.0 million term loan and revolving credit commitments of $250.0 million. On November 30, 2017, $300.0 million was drawn on the term loan and $65.0 million on the revolving credit commitments for a total of $365.0 million. The facility has a three-year term, maturing in 2020 and accrues interest at a rate of LIBOR plus 4.75%. On December 27, 2017, iHeartCommunications incurred $40.0 million of additional borrowings under the revolving credit loan portion of its new receivables based credit facility bringing its total outstanding borrowings under this facility to $405.0 million.
(2) | 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.
As of December 31, 2017 and 2016, 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,
| 2017 |  | 2016
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 |  |  | $ | 475,000 |
Schedule of Future Maturities of Long-term Debt | Future maturities of long-term debt at December 31, 2017 are as follows:
(in thousands) |
2018 | $ | 15,167,882 |
2019 | 4,376 |
2020 | 2,984,972 |
2021 | 5,654 |
2022 | 2,725,282 |
Thereafter | 6,739 |
Total (1) (2) | $ | 20,894,905 |
(1) | Excludes purchase accounting adjustments and original issue discount of $136.6 million and long-term debt fees of $109.1 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 $64.7 million and $68.4 million in 2019 and 2020, respectively.

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