Long Term Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Components of Long-Term Debt

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

	June 30,		December 31,
	2024		2023
Cinemark Holdings, Inc. 4.50% convertible senior notes due August 2025	$	460.0	$	460.0
Cinemark USA, Inc. term loan due May 2030		641.9		645.1
Cinemark USA, Inc. 8.75% senior secured notes due May 2025		—		150.0
Cinemark USA, Inc. 5.875% senior notes due March 2026		405.0		405.0
Cinemark USA, Inc. 5.25% senior notes due July 2028		765.0		765.0
Other		5.5		7.0
Total long-term debt carrying value (1)	$	2,277.4	$	2,432.1
Less: Current portion		7.6		7.8
Less: Debt issuance costs and original issue discount, net of accumulated amortization (1)		27.0		33.0
Long-term debt, less current portion, net of unamortized debt issuance costs and original issue discount (1)	$	2,242.8	$	2,391.3

(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 August 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.

	June 30,		December 31,
	2024		2023
Total long-term debt carrying value	$	1,817.4	$	1,972.1
Less: Current portion		7.6		7.8
Less: Debt issuance costs and original issue discount, net of accumulated amortization		23.1		27.5
Long-term debt, less current portion, net of unamortized debt issuance costs and original issue discount	$	1,786.7	$	1,936.8

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 June 30, 2024:

Notional					Estimated
Amount		Pay Rate	Receive Rate	Expiration Date	Fair Value (1)
$	137.5	3.21%	1-Month Term SOFR	December 31, 2026	$	3.9
$	175.0	3.20%	1-Month Term SOFR	December 31, 2026		5.0
$	137.5	3.17%	1-Month Term SOFR	December 31, 2027		4.6
				Total	$	13.5

(1)Approximately $7.9 of the total is included in prepaid expenses and other and $5.6 is included in deferred charges and other assets, net on the condensed consolidated balance sheet as of June 30, 2024.

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
	June 30, 2024		December 31, 2023
Holdings fair value (1)	$	2,517.4	$	2,460.3
CUSA fair value	$	1,788.6	$	1,903.8

(1)The fair value of the 4.50% convertible senior notes was $728.8 and $556.5 as of June 30, 2024 and December 31, 2023, respectively.