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Debt (Tables)

12 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt, Excluding Film Related and Other Obligations

Total debt of the Company, excluding film related and other obligations, was as follows

:

			March 31, 2022						March 31, 2021
			(Amounts in millions)
Corporate debt:
Revolving Credit Facility			$	—					$	—
Term Loan A
2023 Term Loan A(1)			193.6						660.0
2026 Term Loan A			444.9						—
Term Loan B			844.2						952.6
5.500% Senior Notes			1,000.0						—
5.875% Senior Notes			—						518.7
6.375% Senior Notes			—						545.6
Total corporate debt			2,482.7						2,676.9
Unamortized debt issuance costs			(57.8)						(46.0)
Total debt, net			2,424.9						2,630.9
Less current portion			(222.8)						(88.0)
Non-current portion of debt			$	2,202.1					$	2,542.9

________________

(1)Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events.

Future Annual Contractual Principal Payment Commitments of Debt

The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2022:

						Maturity Date						Year Ending March 31,
Debt Type												2023						2024						2025						2026						2027						Thereafter						Total
												(Amounts in millions)
Revolving Credit Facility						April 2026						$	—					$	—					$	—					$	—					$	—					$	—					$	—
Term Loan A
2023 Term Loan A(1)						March 2023						193.6						—						—						—						—						—						193.6
2026 Term Loan A						April 2026						16.7						28.9						41.1						44.5						313.7						—						444.9
Term Loan B						March 2025						12.5						12.5						819.2						—						—						—						844.2
5.500% Senior Notes						April 2029						—						—						—						—						—						1,000.0						1,000.0
												$	222.8					$	41.4					$	860.3					$	44.5					$	313.7					$	1,000.0					2,482.7
Less aggregate unamortized debt issuance costs																																																(57.8)
																																																$	2,424.9

________________

(1)Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events.

Loss (Gain) on Extinguishment of Debt

During the year ended March 31, 2022, the Company recorded a loss on extinguishment of debt related to the transactions described above, as summarized in the table below:

									Year Ended March 31, 2022
									Loss on Extinguishment of Debt						Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances						Total
									(Amounts in millions)
Credit Agreement amendment (Revolving Credit Facility and Term Loan A) and Senior Notes redemption and issuance:
New debt issuance costs and call premiums									$	21.2					$	31.0					$	52.2
Previously incurred debt issuance costs									5.2						31.1						36.3
									$	26.4					$	62.1					$	88.5
Termination of a portion of Revolving Credit Facility commitments, Term Loan B repurchases and other(1)									1.8
Total loss on extinguishment of debt									$	28.2

________________

(1)During the year ended March 31, 2022, the Company recorded a loss on extinguishment of debt of $1.1 million related to the write-off of debt issuance costs associated with the termination of its revolving credit commitments with maturities in March 2023.

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