CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2022

CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS

Summary of the carrying value of corporate borrowings and capital and financing lease obligations

(In millions)	June 30, 2022		December 31, 2021
First Lien Secured Debt:
Senior Secured Credit Facility-Term Loan due 2026 (4.199% as of June 30, 2022)	$	1,935.0	$	1,945.0
10.75% in Year 1, 11.25% thereafter Cash/PIK Odeon Term Loan Facility due 2023 (£147.6 million and €312.2 million par value as of June 30, 2022)		505.6		552.6
7.5% First Lien Notes due 2029		950.0		—
10.5% First Lien Notes due 2025		—		500.0
10.5% First Lien Notes due 2026		—		300.0
15%/17% Cash/PIK Toggle First Lien Secured Notes due 2026		—		73.5
Second Lien Secured Debt:
10%/12% Cash/PIK/Toggle Second Lien Subordinated Notes due 2026		1,435.5		1,508.0
Subordinated Debt:
6.375% Senior Subordinated Notes due 2024 (£4.0 million par value as of June 30, 2022)		4.8		5.4
5.75% Senior Subordinated Notes due 2025		98.3		98.3
5.875% Senior Subordinated Notes due 2026		55.6		55.6
6.125% Senior Subordinated Notes due 2027		130.7		130.7
	$	5,115.5	$	5,169.1
Finance lease obligations		61.9		72.7
Deferred financing costs		(35.5)		(39.1)
Net premium (1)		298.2		298.0
	$	5,440.1	$	5,500.7
Less:
Current maturities corporate borrowings		(20.0)		(20.0)
Current maturities finance lease obligations		(6.6)		(9.5)
	$	5,413.5	$	5,471.2

(1) The following table provides the net premium (discount) amounts of corporate borrowings:

	June 30,		December 31,
(In millions)	2022		2021
10%/12% Cash/PIK/Toggle Second Lien Subordinated Notes due 2026	$	311.4	$	364.6
15%/17% Cash/PIK Toggle First Lien Secured Notes due 2026		—		(16.8)
10.5% First Lien Notes due 2026		—		(24.5)
10.5% First Lien Notes due 2025		—		(7.2)
Senior Secured Credit Facility-Term Loan due 2026		(5.5)		(6.1)
10.75% in Year 1, 11.25% thereafter Cash/PIK Odeon Term Loan Facility due 2023		(7.8)		(12.1)
6.375% Senior Subordinated Notes due 2024		0.1		0.1
	$	298.2	$	298.0

Summary of net premium (discount) amounts of corporate borrowings

	June 30,		December 31,
(In millions)	2022		2021
10%/12% Cash/PIK/Toggle Second Lien Subordinated Notes due 2026	$	311.4	$	364.6
15%/17% Cash/PIK Toggle First Lien Secured Notes due 2026		—		(16.8)
10.5% First Lien Notes due 2026		—		(24.5)
10.5% First Lien Notes due 2025		—		(7.2)
Senior Secured Credit Facility-Term Loan due 2026		(5.5)		(6.1)
10.75% in Year 1, 11.25% thereafter Cash/PIK Odeon Term Loan Facility due 2023		(7.8)		(12.1)
6.375% Senior Subordinated Notes due 2024		0.1		0.1
	$	298.2	$	298.0

Schedule of minimum annual payments required under existing capital and financing lease obligations (net present value thereof) and maturities of corporate borrowings

The following table provides the principal payments required and maturities of corporate borrowing as of June 30, 2022:

	Principal
	Amount of
	Corporate
(In millions)	Borrowings
Six months ended December 31, 2022	$	10.0
2023		525.6
2024		24.8
2025		118.3
2026		3,356.1
2027		130.7
Thereafter		950.0
Total	$	5,115.5