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DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Extinguishment of Debt
The following table provides a summary of the gain (loss) on extinguishment of debt and the write-off of deferred financing costs recorded:
For the Year Ended December 31,
202420232022
Settlement of collateralized debt (see Note 12)$— $4,393 $— 
Incremental borrowing under the Lightpath Term Loan Facility(5,866)— — 
Repayment of CSC Holdings Term Loan B and Incremental Term Loan B-3(2,598)— — 
Redemption of 5.250% Senior Notes and 5.250% Series B Senior Notes due June 2024(4,437)— — 
Refinancing of CSC Holdings Term Loan B and Incremental Term Loan B-3— — (575)
$(12,901)$4,393 $(575)
Schedule of Maturities of Long-term Debt
The future principal payments under our various debt obligations outstanding as of December 31, 2024, including supply chain financing, but excluding finance lease obligations (see Note 9), are as follows:
Years Ending December 31,
2025$107,703 
202657,061 
20276,939,436 
2028 (a)5,371,850 
20293,800,000 
Thereafter8,675,000 
Schedule of Debt
The following table provides details of our outstanding debt:
Interest Rate at
December 31, 2024		December 31, 2024December 31, 2023
Date IssuedMaturity DatePrincipal AmountCarrying Amount (a)Principal AmountCarrying Amount (a)
CSC Holdings Senior Notes:
May 23, 2014 (g)  $— $— $750,000 $742,746 
October 18, 2018April 1, 20287.500%4,118 4,115 4,118 4,114 
November 27, 2018April 1, 20287.500%1,045,882 1,045,130 1,045,882 1,044,933 
July 10 and October 7, 2019January 15, 20305.750%2,250,000 2,272,150 2,250,000 2,275,915 
June 16 and August 17. 2020December 1, 20304.625%2,325,000 2,354,856 2,325,000 2,359,078 
May 13, 2021November 15, 20315.000%500,000 498,681 500,000 498,525 
6,125,000 6,174,932 6,875,000 6,925,311 
CSC Holdings Senior Guaranteed Notes:
September 23, 2016April 15, 20275.500%1,310,000 1,308,363 1,310,000 1,307,709 
January 29, 2018February 1, 20285.375%1,000,000 996,853 1,000,000 995,940 
January 31, 2019February 1, 20296.500%1,750,000 1,748,423 1,750,000 1,748,098 
June 16, 2020December 1, 20304.125%1,100,000 1,096,940 1,100,000 1,096,499 
August 17, 2020February 15, 20313.375%1,000,000 997,864 1,000,000 997,556 
May 13, 2021November 15, 20314.500%1,500,000 1,496,075 1,500,000 1,495,598 
April 25, 2023May 15, 202811.250%1,000,000 995,174 1,000,000 994,072 
January 25, 2024January 31, 202911.750%2,050,000 2,033,786 — — 
10,710,000 10,673,478 8,660,000 8,635,472 
CSC Holdings Restricted Group Credit Facility:
Revolving Credit Facility (b)July 13, 20276.747% 1,700,000 1,697,559 825,000 821,632 
Term Loan B (f)   — — 1,520,483 1,518,530 
Incremental Term Loan B-3 (f)   — — 521,744 520,988 
Incremental Term Loan B-5 (c)April 15, 20277.174% 2,857,500 2,849,460 2,887,500 2,876,131 
Incremental Term Loan B-6 (d)January 15, 20288.897% 1,966,908 1,936,863 1,986,928 1,948,503 
6,524,408 6,483,882 7,741,655 7,685,784 
Lightpath Senior Notes:
September 29, 2020September 15, 20285.625% 415,000 410,249 415,000 409,136 
Lightpath Senior Secured Notes:
September 29, 2020September 15, 20273.875% 450,000 445,836 450,000 444,410 
Lightpath Term Loan (e)November 30, 20277.762%676,000 673,107 582,000 571,898 
Lightpath Revolving Credit Facility— — — — 
1,541,000 1,529,192 1,447,000 1,425,444 
Finance lease obligations (see Note 9)145,362 145,362 228,356 228,356 
Notes payable and supply chain financing (h)50,642 50,642 174,594 174,594 
25,096,412 25,057,488 25,126,605 25,074,961 
Less: current portion of credit facility debt(57,061)(57,061)(61,177)(61,177)
Less: current portion of finance lease obligations(77,770)(77,770)(123,636)(123,636)
Less: current portion of notes payable and supply chain financing(50,642)(50,642)(174,594)(174,594)
(185,473)(185,473)(359,407)(359,407)
Long-term debt$24,910,939 $24,872,015 $24,767,198 $24,715,554 
(a)The carrying amount is net of the unamortized deferred financing costs and/or discounts/premiums.
(b)At December 31, 2024, $163,738 of the CSC Revolving Credit Facility was restricted for certain letters of credit issued on our behalf and $611,262 of the $2,475,000 facility was undrawn and available, subject to covenant limitations. The CSC Revolving Credit Facility bears interest at a rate of Secured Overnight Financing Rate ("SOFR") (plus a credit adjustment spread of 0.10%) plus 2.25% per annum.
(c)Incremental Term Loan B-5 requires quarterly installments of $7,500 and bears interest at a rate equal to Synthetic USD London Interbank Offered Rate ("LIBOR") plus 2.50% per annum through March 31, 2025. Thereafter, we will be required to pay interest at a rate equal to the alternate base rate (“ABR”), plus the applicable margin, where the ABR is the greater of (x) prime rate or (y) the federal funds effective rate plus 50 basis points and the applicable margin for any ABR loan is 1.50% per annum.
(d)Incremental Term Loan B-6 requires quarterly installments of $5,005 and bears interest at a rate equal to SOFR plus 4.50% per annum. 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.
(e)Pursuant to the loan agreement, interest will be calculated for any (i) SOFR loan, at a rate per annum equal to the Term SOFR (plus spread adjustments of 0.11448%, 0.26161% and 0.42826% for interest periods of one, three and six months, respectively) or (ii) the alternate base rate loan, at the alternative base rate as applicable, plus the applicable margin in each case, where the applicable margin is 2.25% per annum with respect to any alternate base rate loan and 3.25% per annum with respect to any SOFR loan (see Note 20).
(f)The Term Loan B and Incremental Term Loan B-3 were repaid with proceeds from the issuance of senior guaranteed notes in January 2024. See discussion below.
(g)The 5.250% senior notes were redeemed in February 2024 with proceeds from drawings under the CSC Holdings Revolving Credit Facility. See discussion below.
(h)Excludes the amount of the note payable to Captive at CSC Holdings as it is eliminated in the Altice USA consolidated financial statements (see Note 16).
Supply Chain Financing Arrangement
We have a supply chain financing arrangement with a financial institution with credit availability of $175,000 that is used to finance certain of our property and equipment purchases. This arrangement extends our repayment terms beyond a vendor’s original invoice due dates (for up to one year) and as such are classified as debt on our consolidated balance sheets.
The following is a rollforward of the outstanding balances relating to our supply chain financing arrangement:
Balance as of December 31, 2022$123,880 
Invoices financed213,325 
Repayments(162,751)
Balance as of December 31, 2023174,454 
Invoices financed50,642 
Repayments(174,454)
Balance as of December 31, 2024$50,642