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LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt outstanding as of December 31, 2022 and 2021 consisted of the following:
(In thousands)December 31,
2022		December 31,
2021
Term Loan Facility due 2026$1,864,032 $1,864,032 
Incremental Term Loan Facility due 2026401,220 401,220 
Asset-based Revolving Credit Facility due 2023— — 
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)
4,462 5,350 
Total consolidated secured debt4,319,714 4,320,602 
8.375% Senior Unsecured Notes due 2027(4)
1,120,366 1,450,000 
Other unsecured subsidiary debt52 90 
Original issue discount(10,569)(13,454)
Long-term debt fees(15,396)(18,370)
Total debt5,414,167 5,738,868 
Less: Current portion664 673 
Total long-term debt$5,413,503 $5,738,195 

(1)On May 17, 2022, we entered into a $450.0 million senior secured asset-based revolving credit facility (the "New ABL Facility"), maturing in 2027, which refinanced and replaced in its entirety the Company's existing asset-based revolving credit facility (the "Existing ABL Facility"). Refer to the 'Asset-based Revolving Credit Facility due 2027' section below for more information.
(2)As of December 31, 2022, the New ABL Facility had a facility size of $450.0 million, no outstanding borrowings and $25.0 million of outstanding letters of credit, resulting in $425.0 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 year ended December 31, 2022, we repurchased of $329.6 million aggregate principal amount of iHeartCommunications, Inc.'s 8.375% Senior Unsecured Notes due 2027 for $299.4 million in cash, excluding accrued interest. The repurchased notes were subsequently cancelled and retired, resulting in a gain on extinguishment of debt of $30.2 million.
Schedule of Future Maturities of Long-term Debt
Future maturities of long-term debt at December 31, 2022 are as follows:
(in thousands)
2023$664 
2024401 
2025287 
20263,065,458 
20271,870,467 
Thereafter502,855 
Total (1)
$5,440,132 
(1)Excludes original issue discount of $10.6 million and long-term debt fees of $15.4 million, which are amortized through interest expense over the life of the underlying debt obligations..