Long Term Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Components of Long-Term Debt

Long-term debt of Holdings consisted of the following for the periods presented:

	March 31,		December 31,
	2023		2022
Cinemark Holdings, Inc. 4.50% convertible senior notes due 2025	$	460.0	$	460.0
Cinemark USA, Inc. term loan due 2025		624.9		626.5
Cinemark USA, Inc. 8.75% senior secured notes due 2025		250.0		250.0
Cinemark USA, Inc. 5.875% senior notes due 2026		405.0		405.0
Cinemark USA, Inc. 5.25% senior notes due 2028		765.0		765.0
Other		9.7		10.1
Total long-term debt carrying value (1)	$	2,514.6	$	2,516.6
Less: Current portion		110.0		10.7
Less: Debt issuance costs, net of accumulated amortization (1)		29.2		31.9
Long-term debt, less current portion, net of unamortized debt issuance costs (1)	$	2,375.4	$	2,474.0

(1)The only differences between the long-term debt for Holdings, as presented above, and the long-term debt for CUSA are the $460.0 4.50% Convertible Senior Notes due 2025 and the related debt issuance costs. The following table sets forth, as of the periods indicated, the total long-term debt carrying value, current portion of long-term debt and debt issuance costs, net of amortization, for CUSA.

	March 31,		December 31,
	2023		2022
Total long-term debt carrying value	$	2,054.6	$	2,056.6
Less: Current portion		110.0		10.7
Less: Debt issuance costs, net of accumulated amortization		21.1		22.9
Long-term debt, less current portion, net of unamortized debt issuance costs	$	1,923.5	$	2,023.0

Summary of Company's Interest Rate Swap Agreements Designated as Cash Flow Hedges

Below is a summary of the Company's interest rate swap agreements, which are designated as cash flow hedges, as of March 31, 2023:

Notional						Estimated
Amount		Effective Date	Pay Rate	Receive Rate	Expiration Date	Fair Value (1)
$	137.5	December 31, 2018	2.12%	1-Month LIBOR	December 31, 2024	$	5.1
$	175.0	December 31, 2018	2.12%	1-Month LIBOR	December 31, 2024		6.5
$	137.5	December 31, 2018	2.19%	1-Month LIBOR	December 31, 2024		5.0
					Total	$	16.6

(1)Approximately $11.2 of the total is included in prepaid expenses and other and $5.4 is included in deferred charges and other assets, net on the condensed consolidated balance sheet as of March 31, 2023.

Schedule of carrying values and fair values of debt instruments

The table below presents the fair value of the Company's long-term debt as of the periods presented:

	As of
	March 31, 2023		December 31, 2022
Holdings fair value (1)	$	2,509.8	$	2,210.5
CUSA fair value	$	1,925.7	$	1,771.3

(1)The fair value of the 4.50% convertible senior notes was $584.1 and $439.2 as of March 31, 2023 and December 31, 2022, respectively.