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DEBT (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following table provides details of the Company's outstanding debt:
Interest RateMarch 31, 2021December 31, 2020
Date IssuedMaturity DatePrincipal AmountCarrying Amount (a)Principal AmountCarrying Amount (a)
CSC Holdings Senior Notes:
November 15, 2011November 15, 20216.750 %$1,000,000 $992,691 $1,000,000 $989,917 
September 27, 2012September 15, 20225.875 %649,024 621,617 649,024 617,333 
May 23, 2014June 1, 20245.250 %750,000 700,419 750,000 697,041 
October 18, 2018April 1, 20287.500 %4,118 4,112 4,118 4,112 
November 27, 2018April 1, 20287.500 %1,045,882 1,044,462 1,045,882 1,044,424 
July 10 and October 7, 2019January 15, 20305.750 %2,250,000 2,285,317 2,250,000 2,286,097 
June 16, 2020December 1, 20304.625 %2,325,000 2,369,628 2,325,000 2,370,502 
8,024,024  8,018,246 8,024,024 8,009,426 
CSC Holdings Senior Guaranteed Notes:
September 23, 2016April 15, 20275.500 %1,310,000 1,306,088 1,310,000 1,305,955 
January 29, 2018February 1, 20285.375 %1,000,000 993,677 1,000,000 993,490 
November 27, 2018May 15, 20265.500 %1,498,806 1,488,086 1,498,806 1,487,644 
January 24, 2019February 1, 20296.500 %1,750,000 1,747,309 1,750,000 1,747,245 
June 16, 2020December 1, 20304.125 %1,100,000 1,095,377 1,100,000 1,095,283 
August 17, 2020February 15, 20313.375 %1,000,000 996,760 1,000,000 996,692 
7,658,806 7,627,297 7,658,806 7,626,309 
CSC Holdings Restricted Group Credit Facility:
Revolving Credit Facility(c)2.358 %(b)575,000 566,720 625,000 616,027 
Term Loan BJuly 17, 20252.356 %2,887,500 2,877,145 2,895,000 2,884,065 
Incremental Term Loan B-3January 15, 20262.356 %1,249,500 1,245,315 1,252,688 1,248,293 
Incremental Term Loan B-5April 15, 20272.606 %2,970,000 2,950,038 2,977,500 2,956,807 
7,682,000 7,639,218 7,750,188 7,705,192 
Lightpath Senior Notes:
September 29, 2020September 15, 20285.625 %415,000 406,400 415,000 406,176 
Lightpath Senior Secured Notes:
September 29, 2020September 15, 20273.875 %450,000 440,791 450,000 440,487 
Lightpath Term LoanNovember 30, 20273.750 %598,500 581,879 600,000 582,808 
Lightpath Revolving Credit Facility(d)— — — — 
1,463,500 1,429,070 1,465,000 1,429,471 
Collateralized indebtedness (see Note 11)1,759,017 1,677,985 1,699,566 1,617,506 
Finance lease obligations (see Note 8)179,655 179,655 159,637 159,637 
Notes payable and supply chain financing (e)118,065 118,065 183,690 174,801 
26,885,067 26,689,536 26,940,911 26,722,342 
Less: current portion of credit facility debt(78,750)(78,750)(78,750)(78,750)
Less: current portion of senior notes(1,000,000)(992,691)(1,000,000)(989,917)
Less: current portion of finance lease obligations(76,123)(76,123)(63,454)(63,454)
Less: current portion of notes payable and supply chain financing(110,491)(110,491)(113,592)(113,592)
(1,265,364)(1,258,055)(1,255,796)(1,245,713)
Long-term debt$25,619,703 $25,431,481 $25,685,115 $25,476,629 
(a)The carrying amount is net of the unamortized deferred financing costs and/or discounts/premiums and with respect to certain notes, a fair value adjustment resulting from the acquisitions of Cequel Corporation and Cablevision Systems Corporation.
(b)At March 31, 2021, $137,875 of the revolving credit facility was restricted for certain letters of credit issued on behalf of the Company and $1,762,125 of the facility was undrawn and available, subject to covenant limitations.
(c)The revolving credit facility of an aggregate principal amount of $2,475,000 matures in January 2024 and is priced at LIBOR plus 2.25%. In March 2021, a lender under the revolving credit facility extended the maturity date and reduced the interest rate on its aggregate principal amount of $200,000 which had an original maturity date of November 2021 and was priced at LIBOR plus 3.25%.
(d)There were no borrowings outstanding under the Lightpath Revolving Credit Facility which provides for commitments in an aggregate principal amount of $100,000. Borrowings bear interest at a rate per annum equal to the adjusted LIBOR rate or the alternate base rate, as applicable, plus the applicable margin, where the applicable margin is (i) with respect to any alternate base rate loan, 2.25% per annum and (ii) with respect to any eurodollar loan, 3.25% per annum.
(e)Includes $99,941 related to supply chain financing agreements that are required to be repaid within one year from the date of the respective agreement. The decrease in the principal amount at March 31, 2021 includes a $59,451 reclassification to collateralized indebtedness in connection with the maturity of a monetization contract related to the synthetic monetization closeout transaction in November 2019.
Schedule of Maturities of Long-term Debt
The future maturities of debt payable by the Company under its various debt obligations outstanding as of March 31, 2021, including notes payable and collateralized indebtedness (see Note 11), but excluding finance lease obligations (see Note 8), are as follows:
2021$1,166,479 
2022734,667 
20231,841,383 
20241,403,889 
20252,823,750 
Thereafter18,735,244