v3.25.4
Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The Company's long-term debt consists of:
(In thousands)December 31, 2025December 31, 2024
Senior Secured Credit Facility: (a)
Term Loan A Facility$82,795 $365,625 
Senior Notes:
10.25% Senior Secured Notes due January 2029
875,000 875,000 
4.25% Senior Notes due February 2029
276,706 985,010 
4.25% Convertible Senior Notes due February 2029
143,750 143,750 
10.50% Senior Secured Notes due July 2032
400,000 — 
Total long-term debt1,778,251 2,369,385 
Unamortized discount(18,883)(25,014)
Unamortized deferred financing costs(7,075)(8,152)
Long-term debt, net1,752,293 2,336,219 
Current portion of long-term debt11,068 7,500 
Noncurrent portion of long-term debt$1,741,225 $2,328,719 
(a)    Represents the aggregate principal amount of the debt, with maturities of the Term Loan A Facility of $82.8 million due April 2028. The Company also had commitments under its undrawn $175.0 million Revolving Credit Facility. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.
Schedule of Redemption Percentages
On or after July 15, 2028, AMC Networks may redeem the 2032 Secured Notes, at its option, in whole or in part, at any time and from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest thereon, to the applicable redemption date, if redeemed during the twelve month period beginning on July 15 of the years indicated below:
Year
Percentage
2028
105.250%
2029
102.625%
2030 and thereafter
100.000%
On or after January 15, 2026, AMC Networks may redeem the Secured Notes, at its option, in whole or in part, at any time and from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest thereon, to the applicable redemption date, if redeemed during the twelve month period beginning on January 15 of the years indicated below:
YearPercentage
2026105.125%
2027102.563%
2028 and thereafter100.000%
Schedule of Maturities of Long-term Debt
Total amounts payable by the Company under its various debt obligations outstanding as of December 31, 2025 are as follows:
(In thousands)
Years Ending December 31, 
2026$11,068 
202711,068 
202860,659 
20291,295,456 
2030— 
Thereafter400,000 
$1,778,251