Debt and Other Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt consists of the following:

(dollars in millions)	June 30, 2024			December 31, 2023
Current portion of long-term debt:
Credit Agreement - Term B-1 Loans	$	5.0		$	5.0
Credit Agreement - Term B-2 Loans		9.6			6.5
Credit Agreement - Term B-3 Loans		2.0			2.0
Paniolo Fiber Assets Financing Arrangement		0.5			0.5
Finance lease liabilities		8.3			6.4
Current portion of long-term debt		25.4			20.4
Long-term debt, less current portion:
Network Receivables Facility		24.8			36.1
CBTS Receivables Facility		210.2			209.9
Credit Agreement - Revolving Credit Facility		47.0			152.5
Credit Agreement - Term B-1 Loans		482.5			485.0
Credit Agreement - Term B-2 Loans		923.4			630.5
Credit Agreement - Term B-3 Loans		196.0			197.0
Various Cincinnati Bell Telephone notes (1)		94.4			95.1
Paniolo Fiber Assets Financing Arrangement		21.1			21.4
Digital Access Ohio Advance		10.3			6.3
Finance lease liabilities		35.8			36.4
		2,045.5			1,870.2
Net unamortized discount		(6.4	)		(5.5	)
Unamortized note issuance costs		(34.6	)		(34.6	)
Long-term debt, less current portion		2,004.5			1,830.1
Total debt	$	2,029.9		$	1,850.5

As of June 30, 2024 and 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 $6.5 million and $7.2 million, respectively. The adjustment is amortized over the life of the notes and is recorded as a reduction of interest expense.