Debt and Other Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt consists of the following:

(dollars in millions)	March 31, 2023			December 31, 2022
Current portion of long-term debt:
Credit Agreement - Term B-1 Loans	$	5.0		$	5.0
Credit Agreement - Term B-2 Loans		6.5			6.5
7 1/4% Notes due 2023 (1)		22.5			22.8
Paniolo Fiber Assets Financing Arrangement		0.5			0.5
Other financing arrangements		0.1			0.3
Finance lease liabilities		10.6			9.9
Current portion of long-term debt		45.2			45.0
Long-term debt, less current portion:
Receivables Facility		—			186.9
Network Receivables Facility		35.5			—
CBTS Receivables Facility		198.8			—
Credit Agreement - Revolving Credit Facility		300.0			223.0
Credit Agreement - Term B-1 Loans		488.8			490.0
Credit Agreement - Term B-2 Loans		635.4			637.0
Various Cincinnati Bell Telephone notes (1)		96.0			96.4
Paniolo Fiber Assets Financing Arrangement		21.7			21.8
Digital Access Ohio Advance		3.7			0.9
Other financing arrangements		0.4			—
Finance lease liabilities		42.6			43.1
		1,822.9			1,699.1
Net unamortized discount		(4.1	)		(4.3	)
Unamortized note issuance costs		(37.3	)		(38.8	)
Long-term debt, less current portion		1,781.5			1,656.0
Total debt	$	1,826.7		$	1,701.0

As of March 31, 2023, the net carrying amounts of the 7 ¼% Notes due 2023 and Various Cincinnati Bell Telephone notes included unamortized fair value adjustments recorded on the Company's merger date, September 7, 2021, of $0.2 million and $8.1 million, respectively. As of December 31, 2022, the net carrying amounts of the 7 ¼% Notes due 2023 and Various Cincinnati Bell Telephone notes included unamortized fair value adjustments of $0.5 million and $8.5 million, respectively. Each adjustment is being amortized over the life of the respective notes and is recorded as a reduction of interest expense.