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Long-Term Debt and Other Credit Facilities (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Successor
Interest
Rate (a)
September 30, 2024December 31, 2023
TLB
8.60 %$859 $866 
TLC
8.60 %470 470 
Secured Notes8.63 %1,200 1,200 
PEDFA 2009B Bonds
5.25 %50 50 
PEDFA 2009C Bonds
5.25 %81 81 
Cumulus Digital TLF, including paid-in-kind interest (b)
— %— 182 
Total principal2,660 2,849 
Unamortized deferred finance costs and original issuance discounts(35)(29)
Total carrying value2,625 2,820 
Less: long-term debt, due within one year9 9 
Long-term debt$2,616 $2,811 
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(a)Computed interest rate as of September 30, 2024 (Successor).
(b)The Cumulus Digital TLF was repaid and extinguished in March 2024. See “2024 Transactions – Cumulus Digital TLF Repayment” below for additional information.
Schedule of Maturities of Long-Term Debt
The aggregate long-term debt maturities, including amortization and early redemption provisions, as of September 30, 2024 (Successor) were:
2024 (a)
2025202620272028ThereafterTotal
Total maturities$2 $9 $9 $9 $9 $2,623 $2,660 
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(a)    For the period from October 1 through December 31, 2024.
Schedule of Line of Credit Facilities
Successor
September 30, 2024December 31, 2023
ExpirationCommitted CapacityDirect Cash BorrowingsLCs
Issued		Unused
Capacity		Direct Cash BorrowingsLCs
Issued
RCF (a)
May 2028$700 $— $— $700 $— $62 
TLC LCF (b)(c)
May 2030470 — 311 159 — 404 
Bilateral LCF (b)
May 202875 — 18 57 — 74 
Total$1,245 $— $329 $916 $— $540 
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(a)RCF committed capacity can be used for direct cash borrowings and (or) LCs, subject to a $475 million LC sublimit.
(b)Direct cash borrowings are not permitted under the facility.
(c)LCs are collateralized by $472 million of cash as of September 30, 2024 (Successor) and December 31, 2023 (Successor), which is presented as “Restricted cash and cash equivalents” on the Consolidated Balance Sheets.