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LONG-TERM DEBT (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Outstanding | Long-term debt outstanding for the Company as of June 30, 2022 and December 31, 2021 consisted of the following:
(In thousands) | June 30, 2022 |  | December 31, 2021
Term Loan Facility due 2026 | $ | 1,864,032 |  |  | $ | 1,864,032 |
Incremental Term Loan Facility due 2026 | 401,220 |  |  | 401,220 |
Asset-based Revolving Credit Facility due 2023(1) | — |  |  | — |
Asset-based Revolving Credit Facility due 2027(1)(2) | — |  |  | — |
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(3) | 4,577 |  |  | 5,350 |
Total consolidated secured debt | 4,319,829 |  |  | 4,320,602 |
8.375% Senior Unsecured Notes due 2027(4) | 1,336,450 |  |  | 1,450,000 |
Other unsecured subsidiary debt | 69 |  |  | 90 |
Original issue discount | (12,027) |  |  | (13,454) |
Long-term debt fees | (16,902) |  |  | (18,370) |
Total debt | 5,627,419 |  |  | 5,738,868 |
Less: Current portion | 675 |  |  | 673 |
Total long-term debt | $ | 5,626,744 |  |  | $ | 5,738,195 |
(1)On May 17, 2022, we entered into a $450.0 million New ABL Facility, maturing in 2027, which refinanced and replaced in its entirety the Existing ABL Facility. Refer to the 'Asset-based Revolving Credit Facility due 2027' section below for more information. (2)As of June 30, 2022, the New ABL Facility had a facility size of $450.0 million, no outstanding borrowings and $29.4 million of outstanding letters of credit, resulting in $420.6 million of borrowing base availability. (3)Other secured subsidiary debt consists of finance lease obligations maturing at various dates from 2023 through 2045. (4)During the three months ended June 30, 2022, we repurchased $113.5 million aggregate principal amount of iHeartCommunications Inc.'s 8.375% Senior Unsecured Notes due 2027 for $105.3 million in cash, excluding accrued interest, via open market transactions. The repurchased notes were subsequently cancelled and retired, resulting in a gain on extinguishment of debt of $8.2 million.

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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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