Debt and Other Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt consists of the following:

(dollars in millions)	September 30, 2022			December 31, 2021
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% Senior Notes due 2023 (1)		23.1			—
Paniolo Fiber Assets Financing Arrangement		0.5			0.5
Other financing arrangements		0.3			0.5
Finance lease liabilities		9.3			7.2
Current portion of long-term debt		44.7			19.7
Long-term debt, less current portion:
Receivables Facility		178.4			153.6
Credit Agreement - Revolving Credit Facility		164.0			—
Credit Agreement - Term B-1 Loans		491.3			495.0
Credit Agreement - Term B-2 Loans		638.6			643.5
7 1/4% Senior Notes due 2023 (1)		—			24.0
Various Cincinnati Bell Telephone notes (1)		96.6			97.5
Paniolo Fiber Assets Financing Arrangement		21.9			22.3
Other financing arrangements		—			0.4
Finance lease liabilities		42.0			42.3
		1,632.8			1,478.6
Net unamortized discount		(4.5	)		(4.9	)
Unamortized note issuance costs		(40.1	)		(44.8	)
Long-term debt, less current portion		1,588.2			1,428.9
Total debt	$	1,632.9		$	1,448.6

(1) As of September 30, 2022, the net carrying amounts of the 7 ¼% Senior Notes due 2023 and Various Cincinnati Bell Telephone notes included unamortized fair value adjustments related to the Merger of $0.8 million and $8.7 million, respectively. As of December 31, 2021, the net carrying amounts of the 7 ¼% Senior Notes due 2023 and Various Cincinnati Bell Telephone notes included unamortized fair value adjustments related to the Merger of $1.7 million and $9.6 million, respectively. Each adjustment is being amortized over the life of the respective notes and is recorded as a reduction of interest expense.