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LONG-TERM DEBT (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Outstanding | Long-term debt outstanding as of September 30, 2019 (Successor) and December 31, 2018 (Predecessor) consisted of the following:
(In thousands) | Successor Company |  |  | Predecessor Company
| September 30, 2019 |  |  | December 31, 2018
Term Loan Facility due 2026(1) | $ | 2,757,397 |  |  |  | $ | — |
Debtors-in-Possession Facility(2) | — |  |  |  | — |
Asset-based Revolving Credit Facility due 2023(2) | — |  |  |  | — |
6.375% Senior Secured Notes due 2026 | 800,000 |  |  |  | — |
5.25% Senior Secured Notes due 2027(1) | 750,000 |  |  |  | — |
Other secured subsidiary debt(3) | 4,373 |  |  |  | — |
Total consolidated secured debt | 4,311,770 |  |  |  | — |
8.375% Senior Unsecured Notes due 2027 | 1,450,000 |  |  |  | — |
Other unsecured subsidiary debt | 58,556 |  |  |  | 46,105 |
Long-term debt fees | (11,316 | ) |  |  | — |
Long-term debt, net subject to compromise(4) | — |  |  |  | 15,149,477 |
Total debt, prior to reclassification to Liabilities subject to compromise | 5,809,010 |  |  |  | 15,195,582 |
Less: Current portion | 53,705 |  |  |  | 46,105 |
Less: Amounts reclassified to Liabilities subject to compromise | — |  |  |  | 15,149,477 |
Total long-term debt | $ | 5,755,305 |  |  |  | $ | — |
(1) | On August 7, 2019, iHeartCommunications issued $750.0 million of 5.25% Senior Secured Notes due 2027 (the “5.25% Senior Secured Notes”), the proceeds of which were used, together with cash on hand, to prepay at par $740.0 million of borrowings outstanding under the Term Loan Facility, plus $0.8 million of accrued and unpaid interest to, but not including, the date of prepayment.
(2) | The Debtors-in-Possession Facility (the "DIP Facility"), which terminated with the emergence from the Chapter 11 Cases, provided for borrowings of up to $450.0 million. On the Effective Date, the DIP Facility was repaid and canceled and the Successor Company entered into the ABL Facility. As of September 30, 2019, the Successor Company had a facility size of $450.0 million under iHeartCommunications' ABL Facility, had no outstanding borrowings and had $49.2 million of outstanding letters of credit, resulting in $400.8 million of excess availability.
(3) | Other secured subsidiary debt consists of finance lease obligations maturing at various dates from 2019 through 2045.
(4) | In connection with the Company's Chapter 11 Cases, the $6,300.0 million outstanding under the Senior Secured Credit Facilities, the $1,999.8 million outstanding under the 9.0% Priority Guarantee Notes due 2019, the $1,750.0 million outstanding under the 9.0% Priority Guarantee Notes due 2021, the $870.5 million of 11.25% Priority Guarantee Notes due 2021, the $1,000.0 million outstanding under the 9.0% Priority Guarantee Notes due 2022, the $950.0 million outstanding under the 10.625% Priority Guarantee Notes due 2023, $6.0 million outstanding Other Secured Subsidiary debt, the $1,781.6 million outstanding under the 14.0% Senior Notes due 2021, the $475.0 million outstanding under the Legacy Notes and $10.8 million outstanding Other Subsidiary Debt were reclassified to Liabilities subject to compromise in the Company's Consolidated Balance Sheet as of the Petition Date. As of the Petition Date, the Company ceased making principal and interest payments, and ceased accruing interest expense in relation to long-term debt reclassified as Liabilities subject to compromise during the Predecessor period.

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- 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
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