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)

6 Months Ended

Jun. 30, 2022

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


	June 30,		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		629.8		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		28.2		30.2
Total carrying value of long-term debt	$	2,538.0	$	2,543.3
Less: Current portion		25.7		24.3
Less: Debt issuance costs, net of accumulated amortization		37.4		42.7
Long-term debt, less current portion, net of unamortized debt issuance costs	$	2,474.9	$	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 June 30, 2022:


Notional						Estimated
Amount		Effective Date	Pay Rate	Receive Rate	Expiration Date	Fair Value (1)
$	137.5	December 31, 2018	2.12%	1-Month LIBOR	December 31, 2024	$	3.0
$	175.0	December 31, 2018	2.12%	1-Month LIBOR	December 31, 2024		3.8
$	137.5	December 31, 2018	2.19%	1-Month LIBOR	December 31, 2024		2.7
					Total	$	9.5

(1)

Approximately $4.3 of the total is included in prepaid expenses and other and $5.2 is included in deferred charges and other assets, net on the condensed consolidated balance sheet as of June 30, 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
	June 30, 2022		December 31, 2021
Carrying value (1)	$	2,538.0	$	2,543.3
Fair value (2)	$	2,457.5	$	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 $597.9 and $691.9 as of June 30, 2022 and December 31, 2021, respectively.