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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt outstanding as of December 31, 2021 (Successor) and December 31, 2020 (Successor) consisted of the following:
(In thousands) | Successor Company
| December 31, 2021 |  | December 31, 2020
Term Loan Facility due 2026 | $ | 1,864,032 |  |  | $ | 2,080,259 |
Incremental Term Loan Facility due 2026 | 401,220 |  |  | 447,750 |
Asset-based Revolving Credit Facility due 2023(1) | — |  |  | — |
6.375% Senior Secured Notes due 2026 | 800,000 |  |  | 800,000 |
5.25% Senior Secured Notes due 2027 | 750,000 |  |  | 750,000 |
4.75% Senior Secured Notes due 2028 | 500,000 |  |  | 500,000 |
Other secured subsidiary debt(2) | 5,350 |  |  | 22,753 |
Total consolidated secured debt | 4,320,602 |  |  | 4,600,762 |
8.375% Senior Unsecured Notes due 2027 | 1,450,000 |  |  | 1,450,000 |
Other unsecured subsidiary debt | 90 |  |  | 6,782 |
Original issue discount | (13,454) |  |  | (18,817) |
Long-term debt fees | (18,370) |  |  | (21,797) |
Total debt | 5,738,868 |  |  | 6,016,930 |
Less: Current portion | 673 |  |  | 34,775 |
Total long-term debt | $ | 5,738,195 |  |  | $ | 5,982,155 |
(1)As of December 31, 2021, the ABL Facility had a facility size of $450.0 million, no outstanding borrowings and $26.9 million of outstanding letters of credit, resulting in $423.1 million of borrowing base availability. (2)Other secured subsidiary debt consists of finance lease obligations maturing at various dates from 2022 through 2045.
Schedule of Future Maturities of Long-term Debt | Future maturities of long-term debt at December 31, 2021 are as follows:
(in thousands) |
2022 | $ | 673 |
2023 | 639 |
2024 | 338 |
2025 | 220 |
2026 | 3,065,381 |
Thereafter | 2,703,441 |
Total (1) | $ | 5,770,692 |
(1)Excludes original issue discount of $13.5 million and long-term debt fees of $18.4 million, which are amortized through interest expense over the life of the underlying debt obligations..

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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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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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