| Schedule of Debt |
The following table provides details of our outstanding debt: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest Rate at June 30, 2026 | | June 30, 2026 | | December 31, 2025 | | Date Issued | | Maturity Date | | | Principal Amount | | Carrying Amount (a) | | Principal Amount | | Carrying Amount (a) | | CSC Holdings Senior Notes: | | | | | | | | | | | | October 18, 2018 | | April 1, 2028 | | 7.500 | % | | $ | 4,118 | | | $ | 4,116 | | | $ | 4,118 | | | $ | 4,116 | | | November 27, 2018 | | April 1, 2028 | | 7.500 | % | | 1,045,882 | | | 1,045,453 | | | 1,045,882 | | | 1,045,342 | | | July 10 and October 7, 2019 | | January 15, 2030 | | 5.750 | % | | 2,250,000 | | | 2,266,163 | | | 2,250,000 | | | 2,268,198 | | | June 16 and August 17, 2020 | | December 1, 2030 | | 4.625 | % | | 2,325,000 | | | 2,348,140 | | | 2,325,000 | | | 2,350,423 | | | May 13, 2021 | | November 15, 2031 | | 5.000 | % | | 500,000 | | | 498,931 | | | 500,000 | | | 498,846 | | | | | | | | 6,125,000 | | | 6,162,803 | | | 6,125,000 | | | 6,166,925 | | | CSC Holdings Senior Guaranteed Notes: | | | | | | | | | | | | September 23, 2016 | | April 15, 2027 | | 5.500 | % | | 1,310,000 | | | 1,309,410 | | | 1,310,000 | | | 1,309,053 | | | January 29, 2018 | | February 1, 2028 | | 5.375 | % | | 1,000,000 | | | 998,311 | | | 1,000,000 | | | 997,814 | | | January 31, 2019 | | February 1, 2029 | | 6.500 | % | | 1,750,000 | | | 1,748,951 | | | 1,750,000 | | | 1,748,770 | | | June 16, 2020 | | December 1, 2030 | | 4.125 | % | | 1,100,000 | | | 1,097,634 | | | 1,100,000 | | | 1,097,399 | | | August 17, 2020 | | February 15, 2031 | | 3.375 | % | | 1,000,000 | | | 998,345 | | | 1,000,000 | | | 998,183 | | | May 13, 2021 | | November 15, 2031 | | 4.500 | % | | 1,500,000 | | | 1,496,828 | | | 1,500,000 | | | 1,496,573 | | | April 25, 2023 | | May 15, 2028 | | 11.250 | % | | 1,000,000 | | | 997,071 | | | 1,000,000 | | | 996,406 | | | January 25, 2024 | | January 31, 2029 | | 11.750 | % | | 2,050,000 | | | 2,038,825 | | | 2,050,000 | | | 2,037,054 | | | | | | | | 10,710,000 | | | 10,685,375 | | | 10,710,000 | | | 10,681,252 | | | CSC Holdings Restricted Group Credit Facility: | | | | | | | | | | | | Revolving Credit Facility (b) | | July 13, 2027 | | 5.975 | % | | 2,225,000 | | | 2,223,984 | | | 2,125,000 | | | 2,123,506 | | | | | | | | | | | | | | | | Incremental Term Loan B-5 (c) | | April 15, 2027 | | 8.250 | % | | 2,812,500 | | | 2,809,643 | | | 2,827,500 | | | 2,822,895 | | | | | | | | 5,037,500 | | | 5,033,627 | | | 4,952,500 | | | 4,946,401 | | | | | | | | | | | | | | | | UnSub Group Credit Facility: | | | | | | | | | | | | November 25, 2025 | | November 25, 2028 | | 9.000 | % | | 3,100,000 | | | 2,923,712 | | | 2,000,000 | | | 1,898,893 | | | NYC ABS Receivables Facility Loan: | | | | | | | | | | | | July 16, 2025 | | January 16, 2031 | | | | — | | | — | | | 980,091 | | | 881,175 | | | | | | | | | | | | | | | Lightpath Secured Fiber Network Revenue Notes (d): | | | | | | | | | | March 3, 2026 | | March 25, 2031 | | 5.597 | % | | 1,527,000 | | | 1,504,956 | | | — | | | — | | | March 3, 2026 | | March 25, 2031 | | 5.890 | % | | 130,000 | | | 128,123 | | | — | | | — | | | | | | | | 1,657,000 | | | 1,633,079 | | | — | | | — | | | Lightpath Senior Notes (e): | | | | | | | | | | | | September 29, 2020 | | September 15, 2028 | | | | — | | | — | | | 415,000 | | | 411,428 | | | Lightpath Senior Secured Notes (e): | | | | | | | | | | | | September 29, 2020 | | September 15, 2027 | | | | — | | | — | | | 450,000 | | | 447,320 | | | Lightpath Term Loan(e) | | November 30, 2027 | | | | — | | | — | | | 669,183 | | | 667,201 | | | | | | | | | | | | | | | | | 1,657,000 | | | 1,633,079 | | | 1,534,183 | | | 1,525,949 | | | Finance lease obligations | 112,169 | | | 112,169 | | | 105,619 | | | 105,619 | | | | | | | | 26,741,669 | | | 26,550,765 | | | 26,407,393 | | | 26,206,214 | | | Less: current maturities | (4,151,284) | | | (4,147,837) | | | (60,842) | | | (60,842) | | | Long-term debt | $ | 22,590,385 | | | $ | 22,402,928 | | | $ | 26,346,551 | | | $ | 26,145,372 | |
(a)The carrying amount is net of the unamortized deferred financing costs and discounts/premiums, as applicable. (b)At June 30, 2026, $174,799 of the revolving credit facility was restricted for certain letters of credit issued on our behalf and $75,201 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 credit adjustment spread of 0.10%) plus 2.25% per annum. (c)Incremental Term Loan B-5 requires quarterly installments of $7,500 and bore interest at a rate equal to Synthetic USD London Interbank Offered Rate ("LIBOR") plus 2.50% per annum through March 31, 2025. Thereafter, we are required to pay interest at a rate equal to the alternate base rate (“ABR”), plus the applicable margin, where the ABR is the greater of (x) prime rate or (y) the federal funds effective rate plus 50 basis points, and the applicable margin for any ABR loan is 1.50% per annum. (d)At June 30, 2026, $6,288 of a $100,000 Variable Funding Note available to Lightpath was restricted for certain letters of credit issued on its behalf. The remaining $93,712 was undrawn, subject to covenant limitations. (e)Repaid with proceeds from the Lightpath Secured Fiber Network Revenue Notes (see discussion below).
|