| Schedule of Debt |
The following table provides details of our outstanding debt: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest Rate at March 31, 2024 | | March 31, 2024 | | December 31, 2023 | | Date Issued | | Maturity Date | | | Principal Amount | | Carrying Amount (a) | | Principal Amount | | Carrying Amount (a) | | CSC Holdings Senior Notes: | | | | | | | | | | | | May 23, 2014 (g) | | | | | | $ | — | | | $ | — | | | $ | 750,000 | | | $ | 742,746 | | | October 18, 2018 | | April 1, 2028 | | 7.500 | % | | 4,118 | | | 4,115 | | | 4,118 | | | 4,114 | | | November 27, 2018 | | April 1, 2028 | | 7.500 | % | | 1,045,882 | | | 1,044,982 | | | 1,045,882 | | | 1,044,933 | | | July 10 and October 7, 2019 | | January 15, 2030 | | 5.750 | % | | 2,250,000 | | | 2,274,997 | | | 2,250,000 | | | 2,275,915 | | | June 16 and August 17, 2020 | | December 1, 2030 | | 4.625 | % | | 2,325,000 | | | 2,358,046 | | | 2,325,000 | | | 2,359,078 | | | May 13, 2021 | | November 15, 2031 | | 5.000 | % | | 500,000 | | | 498,563 | | | 500,000 | | | 498,525 | | | | | | | | 6,125,000 | | | 6,180,703 | | | 6,875,000 | | | 6,925,311 | | | CSC Holdings Senior Guaranteed Notes: | | | | | | | | | | | | September 23, 2016 | | April 15, 2027 | | 5.500 | % | | 1,310,000 | | | 1,307,868 | | | 1,310,000 | | | 1,307,709 | | | January 29, 2018 | | February 1, 2028 | | 5.375 | % | | 1,000,000 | | | 996,162 | | | 1,000,000 | | | 995,940 | | | January 24, 2019 | | February 1, 2029 | | 6.500 | % | | 1,750,000 | | | 1,748,177 | | | 1,750,000 | | | 1,748,098 | | | June 16, 2020 | | December 1, 2030 | | 4.125 | % | | 1,100,000 | | | 1,096,607 | | | 1,100,000 | | | 1,096,499 | | | August 17, 2020 | | February 15, 2031 | | 3.375 | % | | 1,000,000 | | | 997,631 | | | 1,000,000 | | | 997,556 | | | May 13, 2021 | | November 15, 2031 | | 4.500 | % | | 1,500,000 | | | 1,495,715 | | | 1,500,000 | | | 1,495,598 | | | April 25, 2023 | | May 15, 2028 | | 11.250 | % | | 1,000,000 | | | 994,334 | | | 1,000,000 | | | 994,072 | | | January 25, 2024 | | January 31, 2029 | | 11.750 | % | | 2,050,000 | | | 2,031,568 | | | — | | | — | | | | | | | | 10,710,000 | | | 10,668,062 | | | 8,660,000 | | | 8,635,472 | | | CSC Holdings Restricted Group Credit Facility: | | | | | | | | | | | | Revolving Credit Facility (b) | | July 13, 2027 | | 7.678 | % | | 1,600,000 | | | 1,596,861 | | | 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, 2027 | | 7.940 | % | | 2,880,000 | | | 2,869,447 | | | 2,887,500 | | | 2,876,131 | | | Incremental Term Loan B-6 (d) | | January 15, 2028 | | 9.825 | % | | 1,981,923 | | | 1,945,521 | | | 1,986,928 | | | 1,948,503 | | | | | | | | 6,461,923 | | | 6,411,829 | | | 7,741,655 | | | 7,685,784 | | | Lightpath Senior Notes: | | | | | | | | | | | | September 29, 2020 | | September 15, 2028 | | 5.625 | % | | 415,000 | | | 409,407 | | | 415,000 | | | 409,136 | | | Lightpath Senior Secured Notes: | | | | | | | | | | | | September 29, 2020 | | September 15, 2027 | | 3.875 | % | | 450,000 | | | 444,759 | | | 450,000 | | | 444,410 | | | Lightpath Term Loan (e) | | November 30, 2027 | | 8.690 | % | | 580,500 | | | 571,011 | | | 582,000 | | | 571,898 | | | Lightpath Revolving Credit Facility | | — | | | — | | | — | | | — | | | | | | | | 1,445,500 | | | 1,425,177 | | | 1,447,000 | | | 1,425,444 | | | | | | | | | | | Finance lease obligations | 201,250 | | | 201,250 | | | 228,356 | | | 228,356 | | | Notes payable and supply chain financing | 174,798 | | | 174,798 | | | 174,594 | | | 174,594 | | | | | | | | 25,118,471 | | | 25,061,819 | | | 25,126,605 | | | 25,074,961 | | | Less: current portion of credit facility debt | (56,019) | | | (56,019) | | | (61,177) | | | (61,177) | | | | | | | | | | | | | | | | | | | Less: current portion of finance lease obligations | (113,300) | | | (113,300) | | | (123,636) | | | (123,636) | | | Less: current portion of notes payable and supply chain financing | (174,798) | | | (174,798) | | | (174,594) | | | (174,594) | | | | | | | | (344,117) | | | (344,117) | | | (359,407) | | | (359,407) | | | Long-term debt | $ | 24,774,354 | | | $ | 24,717,702 | | | $ | 24,767,198 | | | $ | 24,715,554 | |
(a)The carrying amount is net of the unamortized deferred financing costs and/or discounts/premiums. (b)At March 31, 2024, $137,512 of the revolving credit facility was restricted for certain letters of credit issued on our behalf and $737,488 of the $2,475,000 facility was undrawn and available, subject to covenant limitations. The revolving credit facility bears interest at a rate of Secured Overnight Financing Rate ("SOFR") (plus a Term SOFR 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. (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. (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. (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.
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