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DEBT (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following table provides details of the Company's outstanding debt:
Interest RateMarch 31, 2023December 31, 2022
Date IssuedMaturity DatePrincipal AmountCarrying Amount (a)Principal AmountCarrying Amount (a)
CSC Holdings Senior Notes:
May 23, 2014June 1, 20245.250 %$750,000 $730,273 $750,000 $726,343 
October 18, 2018April 1, 20287.500 %4,118 4,114 4,118 4,113 
November 27, 2018April 1, 20287.500 %1,045,882 1,044,794 1,045,882 1,044,752 
July 10 and October 7, 2019January 15, 20305.750 %2,250,000 2,278,620 2,250,000 2,279,483 
June 16 and August 17, 2020December 1, 20304.625 %2,325,000 2,362,114 2,325,000 2,363,082 
May 13, 2021November 15, 20315.000 %500,000 498,412 500,000 498,375 
6,875,000  6,918,327 6,875,000 6,916,148 
CSC Holdings Senior Guaranteed Notes:
September 23, 2016April 15, 20275.500 %1,310,000 1,307,241 1,310,000 1,307,091 
January 29, 2018February 1, 20285.375 %1,000,000 995,286 1,000,000 995,078 
January 24, 2019February 1, 20296.500 %1,750,000 1,747,868 1,750,000 1,747,795 
June 16, 2020December 1, 20304.125 %1,100,000 1,096,179 1,100,000 1,096,077 
August 17, 2020February 15, 20313.375 %1,000,000 997,330 1,000,000 997,258 
May 13, 2021November 15, 20314.500 %1,500,000 1,495,254 1,500,000 1,495,144 
7,660,000 7,639,158 7,660,000 7,638,443 
CSC Holdings Restricted Group Credit Facility:
Revolving Credit Facility (b) (c)7.177 %1,700,000 1,695,951 1,575,000 1,570,730 
Term Loan BJuly 17, 20256.934 %1,532,002 1,529,110 1,535,842 1,532,644 
Incremental Term Loan B-3January 15, 20266.934 %525,696 524,666 527,014 525,883 
Incremental Term Loan B-5April 15, 20277.184 %2,910,000 2,896,201 2,917,500 2,902,921 
Incremental Term Loan B-6January 15, 20289.327 %2,001,942 1,957,704 2,001,942 1,955,839 
8,669,640 8,603,632 8,557,298 8,488,017 
Lightpath Senior Notes:
September 29, 2020September 15, 20285.625 %415,000 408,342 415,000 408,090 
Lightpath Senior Secured Notes:
September 29, 2020September 15, 20273.875 %450,000 443,377 450,000 443,046 
Lightpath Term LoanNovember 30, 20277.934 %586,500 574,570 588,000 575,478 
Lightpath Revolving Credit Facility(e)— — — — 
1,451,500 1,426,289 1,453,000 1,426,614 
Collateralized indebtedness (see Note 9) (f)— — 1,759,017 1,746,281 
Finance lease obligations241,909 241,909 244,595 244,595 
Notes payable and supply chain financing (d)168,296 168,296 127,635 127,635 
25,066,345 24,997,611 26,676,545 26,587,733 
Less: current portion of credit facility debt(76,648)(76,648)(71,643)(71,643)
Less: current portion of collateralized indebtedness (f)— — (1,759,017)(1,746,281)
Less: current portion of finance lease obligations(128,369)(128,369)(129,657)(129,657)
Less: current portion of notes payable and supply chain financing(168,157)(168,157)(127,496)(127,496)
(373,174)(373,174)(2,087,813)(2,075,077)
Long-term debt$24,693,171 $24,624,437 $24,588,732 $24,512,656 
(a)The carrying amount is net of the unamortized deferred financing costs and 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, 2023, $130,994 of the revolving credit facility was restricted for certain letters of credit issued on behalf of the Company and $644,006 of the facility was undrawn and available, subject to covenant limitations. The revolving
credit facility is due on the earlier of (i) July 13, 2027 and (ii) April 17, 2025 if, as of such date, any Term Loan B borrowings are still outstanding, unless the Term Loan B maturity date has been extended to a date falling after July 13, 2027. The CSC Holdings' Incremental Term Loan B-6 that is due on the earlier of (i) January 15, 2028 and (ii) April 15, 2027 if, as of such date, any Incremental Term Loan B-5 borrowings are still outstanding, unless the Incremental Term Loan B-5 maturity date has been extended to a date falling after January 15, 2028.
(c)The revolving credit facility provides for commitments in an aggregate principal amount of $2,475,000 and is priced at SOFR plus 2.25%.
(d)Includes $167,821 related to supply chain financing agreements that is required to be repaid within one year from the date of the respective agreement.
(e)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.
(f)The indebtedness was collateralized by shares of Comcast common stock. In January 2023, the Company settled this debt by delivering shares of Comcast common stock and the related equity derivative contracts. See Note 9.
Schedule of Maturities of Long-term Debt
The future principal payments under the Company's various debt obligations outstanding as of March 31, 2023, including notes payable and supply chain financing, but excluding finance lease obligations, are as follows:
2023$163,833 
2024888,597 
2025 (a)3,266,414 
2026567,223 
20275,141,519 
Thereafter (b)14,796,850