Debt and Other Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt consists of the following:

	December 31,			December 31,
(dollars in millions)	2023			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
Credit Agreement - Term B-3 Loans		2.0			—
7 1/4% Notes due 2023(1)		—			22.8
Paniolo Fiber Assets Financing Arrangement		0.5			0.5
Other financing arrangements		0.2			0.3
Finance lease liabilities		12.9			9.9
Current portion of long-term debt		27.1			45.0
Long-term debt, less current portion:
Receivables Facility		—			186.9
Network Receivables Facility		36.1			—
CBTS Receivables Facility		209.9			—
Credit Agreement - Revolving Credit Facility		152.5			223.0
Credit Agreement - Term B-1 Loans		485.0			490.0
Credit Agreement - Term B-2 Loans		630.5			637.0
Credit Agreement - Term B-3 Loans		197.0			—
Various Cincinnati Bell Telephone notes (1)		95.1			96.4
Paniolo Fiber Assets Financing Arrangement		21.4			21.8
Digital Access Ohio Advance		6.3			0.9
Other financing arrangements		0.6			—
Finance lease liabilities		42.1			43.1
		1,876.5			1,699.1
Net unamortized discount		(5.5	)		(4.3	)
Unamortized note issuance costs		(34.6	)		(38.8	)
Long-term debt, less current portion		1,836.4			1,656.0
Total debt	$	1,863.5		$	1,701.0

(1)As of December 31, 2023, the net carrying amount of the Various Cincinnati Bell Telephone notes included an unamortized fair value adjustment recorded on the Company's merger date, September 7, 2021, of $7.2 million. As of December 31, 2022, the net carrying amounts of the 7 1/4% 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 $0.5 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.

Debt Maturity Schedule

The following table summarizes our annual principal maturities of debt and other financing arrangements, excluding lease obligations, for the five years subsequent to December 31, 2023, and thereafter:

				Other
				financing
(dollars in millions)	Debt			arrangements
Year ended December 31,
2024	$	14.0		$	0.2
2025		14.0			0.2
2026		432.9			0.2
2027		13.5			0.1
2028		1,359.9			0.1
Thereafter		6.3			—
		1,840.6			0.8
Net unamortized discount		(5.5	)		—
Unamortized note issuance costs		(34.6	)		—
Total debt	$	1,800.5		$	0.8