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DEBT (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following table provides details of the Company's outstanding debt:
Interest RateJune 30, 2022December 31, 2021
Date IssuedMaturity DatePrincipal AmountCarrying Amount (a)Principal AmountCarrying Amount (a)
CSC Holdings Senior Notes:
September 27, 2012September 15, 20225.875 %$649,024 $644,839 $649,024 $635,310 
May 23, 2014June 1, 20245.250 %750,000 718,534 750,000 711,137 
October 18, 2018April 1, 20287.500 %4,118 4,113 4,118 4,113 
November 27, 2018April 1, 20287.500 %1,045,882 1,044,664 1,045,882 1,044,582 
July 10 and October 7, 2019January 15, 20305.750 %2,250,000 2,281,214 2,250,000 2,282,875 
June 16 and August 17, 2020December 1, 20304.625 %2,325,000 2,365,023 2,325,000 2,366,886 
May 13, 2021November 15, 20315.000 %500,000 498,304 500,000 498,234 
7,524,024  7,556,691 7,524,024 7,543,137 
CSC Holdings Senior Guaranteed Notes:
September 23, 2016April 15, 20275.500 %1,310,000 1,306,793 1,310,000 1,306,508 
January 29, 2018February 1, 20285.375 %1,000,000 994,661 1,000,000 994,262 
January 24, 2019February 1, 20296.500 %1,750,000 1,747,649 1,750,000 1,747,511 
June 16, 2020December 1, 20304.125 %1,100,000 1,095,870 1,100,000 1,095,672 
August 17, 2020February 15, 20313.375 %1,000,000 997,112 1,000,000 996,970 
May 13, 2021November 15, 20314.500 %1,500,000 1,494,923 1,500,000 1,494,710 
7,660,000 7,637,008 7,660,000 7,635,633 
CSC Holdings Restricted Group Credit Facility:
Revolving Credit FacilityJanuary 31, 2024 (c)3.574 %(b)675,000 670,296 900,000 893,864 
Term Loan BJuly 17, 20253.574 %2,850,000 2,842,600 2,865,000 2,856,421 
Incremental Term Loan B-3January 15, 20263.574 %1,233,563 1,230,444 1,239,938 1,236,394 
Incremental Term Loan B-5April 15, 20273.824 %2,932,500 2,916,342 2,947,500 2,929,813 
7,691,063 7,659,682 7,952,438 7,916,492 
Lightpath Senior Notes:
September 29, 2020September 15, 20285.625 %415,000 407,586 415,000 407,104 
Lightpath Senior Secured Notes:
September 29, 2020September 15, 20273.875 %450,000 442,381 450,000 441,739 
Lightpath Term LoanNovember 30, 20274.574 %591,000 577,282 594,000 579,119 
Lightpath Revolving Credit FacilityNovember 30, 2025(d)— — — — 
1,456,000 1,427,249 1,459,000 1,427,962 
Collateralized indebtedness (see Note 9)1,759,017 1,726,366 1,759,017 1,706,997 
Finance lease obligations251,285 251,285 218,735 218,735 
Notes payable and supply chain financing (e)114,819 114,819 97,804 97,804 
26,456,208 26,373,100 26,671,018 26,546,760 
Less: current portion of credit facility debt(78,750)(78,750)(78,750)(78,750)
Less: current portion of senior notes(649,024)(644,839)(649,024)(635,310)
Less: current portion of collateralized indebtedness (f)(1,759,017)(1,726,366)— — 
Less: current portion of finance lease obligations(129,329)(129,329)(109,204)(109,204)
Less: current portion of notes payable and supply chain financing(114,406)(114,406)(94,049)(94,049)
(2,730,526)(2,693,690)(931,027)(917,313)
Long-term debt$23,725,682 $23,679,410 $25,739,991 $25,629,447 
(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 Cequel and Cablevision acquisitions.
(b)At June 30, 2022, $132,389 of the revolving credit facility was restricted for certain letters of credit issued on behalf of the Company and $1,667,611 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 is priced at LIBOR plus 2.25%.
(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 $107,581 as of June 30, 2022 and $89,898 as of December 30, 2021 related to supply chain financing agreements that are required to be repaid within one year from the date of the respective agreement.
(f)This indebtedness is collateralized by shares of Comcast common stock. Our intent is to settle such indebtedness with proceeds from new monetization contracts. To the extent we do not enter into new monetization contracts, we could settle the existing collateralized indebtedness by (i) delivering shares of Comcast common stock or (ii) delivering cash. Because this collateralized debt matures in May 2023, it has been classified as current in the accompanying balance sheet as of June 30, 2022, and because there is no assurance that a financing under new monetization contracts can be completed when this debt matures, the related investments held as collateral have also been classified as current.
Schedule of Maturities of Long-term Debt The future maturities of debt payable by the Company under its various debt obligations outstanding as of June 30, 2022, including notes payable and collateralized indebtedness (see Note 9), but excluding finance lease obligations, are as follows:
2022$756,533 
20231,884,313 
20241,503,889 
20252,823,750 
20261,224,938 
Thereafter18,011,500