Cinemark Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt (Tables)

Long Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Long-term debt consisted of the following for the periods presented:


	March 31,		December 31,
	2022		2021
Cinemark Holdings, Inc. 4.500% convertible senior notes due 2025	$	460.0	$	460.0
Cinemark USA, Inc. term loan due 2025		631.5		633.1
Cinemark USA, Inc. 8.750% senior secured notes due 2025		250.0		250.0
Cinemark USA, Inc. 5.875% senior notes due 2026		405.0		405.0
Cinemark USA, Inc. 5.250% senior notes due 2028		765.0		765.0
Other		32.4		30.2
Total carrying value of long-term debt	$	2,543.9	$	2,543.3
Less: Current portion		27.2		24.3
Less: Debt issuance costs, net of accumulated amortization		40.1		42.7
Long-term debt, less current portion, net of unamortized debt issuance costs	$	2,476.6	$	2,476.3

Summary of Company's Interest Rate Swap Agreements Designated as Cash Flow Hedges

Below is a summary of the Company’s interest rate swap agreements, which are designated as cash flow hedges, as of March 31, 2022:


						Estimated
						Fair Value at
Notional						March 31,
Amount		Effective Date	Pay Rate	Receive Rate	Expiration Date	2022 (1)
$	137.5	December 31, 2018	2.12%	1-Month LIBOR	December 31, 2024	$	1.3
$	175.0	December 31, 2018	2.12%	1-Month LIBOR	December 31, 2024		1.6
$	137.5	December 31, 2018	2.19%	1-Month LIBOR	December 31, 2024		1.0
					Total	$	3.9

(1)

Approximately $(1.7) of the total is included in accounts payable and accrued expenses and $5.6 is included in deferred charges and other assets, net on the condensed consolidated balance sheet as of March 31, 2022.

Schedule of carrying values and fair values of debt instruments

The table below presents the carrying value and fair value of the Company's long-term debt as of the periods presented:


	As of
	March 31, 2022		December 31, 2021
Carrying value (1)	$	2,543.9	$	2,543.3
Fair value (2)	$	2,678.3	$	2,749.8

(1)

The carrying value excludes unamortized debt issuance costs.

(2)

Includes the fair value of the 4.500% convertible senior notes of $684.5 and $691.9 as of March 31, 2022 and December 31, 2021, respectively.