CORPORATE BORROWINGS AND FINANCE LEASE LIABILITIES - Senior Unsecured Convertible Notes narrative (Details)
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12 Months Ended |
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Feb. 14, 2022
USD ($)
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Feb. 01, 2021
shares
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Jan. 29, 2021
USD ($)
$ / shares
shares
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Jan. 27, 2021
USD ($)
$ / shares
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Dec. 14, 2020
USD ($)
$ / shares
shares
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Jul. 31, 2020
USD ($)
item
shares
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Apr. 24, 2020
USD ($)
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Sep. 14, 2018
USD ($)
item
shares
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Dec. 31, 2022
USD ($)
shares
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Dec. 31, 2021
USD ($)
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Dec. 31, 2020
USD ($)
shares
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Dec. 31, 2019
USD ($)
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Oct. 15, 2020 |
Sep. 14, 2020
$ / shares
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Sep. 13, 2020
$ / shares
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Apr. 15, 2020 |
Sep. 04, 2018
USD ($)
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Long-term Debt, Gross |
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$ 4,949,000,000.0
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$ 5,169,100,000
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| Debt exchange amount |
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$ 1,700,000,000
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| Estimated cancellation of debt income (CODI) recognized |
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1,200,000
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$ 1,200,000,000
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| Estimated Net Operating Loss From Cancellation Of Debt Income |
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1,200,000,000
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1,200,000,000
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| Amortization of Debt Discount (Premium) |
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(65,400,000)
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(3,900,000)
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(22,000,000.0)
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| Redemption price of debt instrument (as a percent) |
107.50%
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| Principal amount |
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600,000,000.0
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| Debt issuance costs |
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37,900,000
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39,100,000
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| Interest expense |
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336,400,000
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414,900,000
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311,000,000.0
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| Other expense |
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(53,600,000)
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87,900,000
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(28,900,000)
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| Other income |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Other expense |
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(53,600,000)
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87,900,000
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(28,900,000)
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| Redemption Period Two |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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100.00%
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| Class A common stock |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Consideration received for conversion | shares |
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46,103,784
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| AMC Preferred Equity Units |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Consideration received for conversion | shares |
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46,103,784
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| Second Lien Notes due 2026 |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Long-term Debt, Gross |
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1,997,400,000
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| Amortization of Debt Discount (Premium) |
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$ 535,100,000
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| PIK interest rate |
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12.00%
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| Number of interest periods | item |
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3
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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100.00%
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| Redemption price of debt instrument (as a percent) |
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101.00%
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| Debt instrument face amount |
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$ 1,289,100,000
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$ 173,200,000
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| Percentage of difference between the present value of the old and new cash flows |
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10.00%
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| Principal amount |
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$ 1,462,300,000
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| Stated interest rate (as a percent) |
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10.00%
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| Second Lien Notes due 2026 | Redemption period one |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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106.00%
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| Second Lien Notes due 2026 | Redemption Period Two |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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103.00%
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| Second Lien Notes due 2026 | Redemption period three |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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100.00%
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| Second Lien Notes due 2026 | At the time of sale of assets |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Redemption price of debt instrument (as a percent) |
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100.00%
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| Second Lien Notes due 2026 | Minimum |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Debt Instrument, Interest Due Term |
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12 months
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| Second Lien Notes due 2026 | Maximum |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Debt Instrument, Interest Due Term |
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18 months
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| Second Lien Notes due 2026 | Class A common stock |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Principal amount |
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$ 104,500,000
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| Consideration received for conversion | shares |
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137,400,000
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| First Lien Notes due 2026 |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Long-term Debt, Gross |
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$ 300,000,000
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$ 300,000,000.0
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| Original issue discount |
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$ 36,000,000
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| Amortization of Debt Discount (Premium) |
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$ 30,000,000.0
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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110.50%
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| Redemption price of debt instrument (as a percent) |
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100.00%
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| Debt instrument face amount |
$ 300,000,000
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$ 200,000,000
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$ 300,000,000
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| Stated interest rate (as a percent) |
10.50%
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10.50%
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10.50%
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10.50%
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| Debt issuance costs |
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$ 6,000,000.0
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| First Lien Notes due 2026 | Sell assets of subsidiaries and company |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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100.00%
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| First Lien Notes due 2026 | Change of control |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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101.00%
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| First Lien Notes due 2026 | Redemption period one |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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100.00%
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| First Lien Notes due 2026 | Redemption Period Two |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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105.25%
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| First Lien Notes due 2026 | Redemption period three |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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102.625%
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| First Lien Notes due 2026 | Any time thereafter |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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100.00%
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| First Lien Notes due 2026 | Maximum |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Redemption price of debt instrument (as a percent) |
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35.00%
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| First Lien Notes due 2026 | Class A common stock |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Number of Prorata Shares | shares |
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5,000,000
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5,000,000
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| Percentage of Outstanding Shares of Entity |
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4.60%
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| Common Stock, Value, Outstanding |
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$ 20,200,000
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| First Lien Notes due 2026 | AMC Preferred Equity Units |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Number of Prorata Shares | shares |
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5,000,000
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| First Lien Notes due 2026 | Silver Lake Group, L.L.C |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Debt instrument face amount |
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$ 100,000,000
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| First Lien Notes due 2025 |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Long-term Debt, Gross |
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$ 500,000,000.0
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| Debt instrument face amount |
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$ 500,000,000.0
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| Stated interest rate (as a percent) |
10.50%
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10.50%
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10.50%
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10.50%
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10.50%
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10.50%
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10.50%
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| Debt issuance costs |
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$ 8,900,000
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| Percentage of voting of foreign subsidiary |
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65.00%
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| First Lien Notes due 2025 | Redemption period one |
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| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
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| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
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110.50%
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| First Lien Notes due 2025 | Maximum |
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|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price of debt instrument (as a percent) |
|
|
|
|
|
|
35.00%
|
|
|
|
|
|
|
|
|
|
|
| Senior Subordinated Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reduction in principal amount |
|
|
|
|
|
$ 555,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of redemption of debt on aggregate principal amount and accrued and unpaid interest |
|
|
|
|
|
23.90%
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument face amount |
|
|
|
|
|
$ 1,782,500,000
|
|
|
$ 235,000,000.0
|
|
|
|
|
|
|
|
|
| Fees paid to third parties |
|
|
|
|
|
|
|
|
|
|
$ 39,300,000
|
|
|
|
|
|
|
| Senior Subordinated Notes | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Savings Due to Interest Payments |
|
|
|
|
|
120,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Subordinated Notes | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Savings Due to Interest Payments |
|
|
|
|
|
180,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| 2.95% Senior Secured Convertible Notes due 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restructured amount |
|
|
|
|
|
$ 600,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
| Principal balance |
|
|
|
|
|
|
|
$ 600,000,000.0
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
|
|
|
2.95%
|
|
2.95%
|
|
|
|
|
|
|
|
|
|
| Change fair value of derivative |
|
|
|
|
|
|
|
|
|
|
89,400,000
|
$ (23,500,000)
|
|
|
|
|
|
| Conversion price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6.76
|
$ 9.48
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
31,800,000
|
|
|
|
|
|
|
| Other expense |
|
|
|
|
|
|
|
|
|
|
19,600,000
|
|
|
|
|
|
|
| 2.95% Senior Secured Convertible Notes due 2024 | Other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Immaterial correction expense |
|
|
|
|
|
|
|
|
|
|
$ 26,200,000
|
|
|
|
|
|
|
| 2.95% Senior Secured Convertible Notes due 2024 | Class B common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,700,000
|
| 2.95% Senior Secured Convertible Notes due 2024 | Class B common stock | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares upon conversion | item |
|
|
|
|
|
|
|
5,666,000
|
|
|
|
|
|
|
|
|
|
| 2.95% Senior Secured Convertible Notes due 2024 | AMC Preferred Equity Units | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares upon conversion | item |
|
|
|
|
|
|
|
5,666,000
|
|
|
|
|
|
|
|
|
|
| Convertible Notes due 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of difference between the present value of the old and new cash flows |
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
$ 600,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consideration received for conversion | shares |
|
|
44,422,860
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion Price | $ / shares |
|
|
|
$ 6.76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Restructured amount |
|
|
$ 600,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal balance |
|
|
|
$ 600,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion price (in dollars per share) | $ / shares |
|
|
$ 6.76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares upon conversion |
|
|
44,422,860
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative liability |
|
|
|
|
|
|
|
$ 90,400,000
|
|
|
|
|
|
|
|
|
|
| Effective interest rate |
|
|
|
|
|
|
|
5.98%
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
$ 71,000,000.0
|
|
|
|
|
|
|
|
| Deferred financing costs |
|
|
|
|
|
|
|
$ 13,600,000
|
|
|
|
|
|
|
|
|
|
| Convertible Notes due 2026 | Class B common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consideration received for conversion | shares |
|
|
|
|
|
|
|
5,666,000
|
|
|
|
|
|
|
|
|
|
| Convertible Notes due 2026 | AMC Preferred Equity Units |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consideration received for conversion | shares |
|
|
44,422,860
|
|
|
|
|
5,666,000
|
|
|
|
|
|
|
|
|
|
| Number of shares upon conversion |
|
|
44,422,860
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mudrick Capital Management LP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consideration received for conversion | shares |
|
|
|
|
27,472,528
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mudrick Capital Management LP | Class A common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Price per share (in dollars per share) | $ / shares |
|
|
|
|
$ 3.19
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mudrick Capital Management LP | Second Lien Notes due 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
|
$ 104,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consideration received for conversion | shares |
|
|
|
|
13,736,264
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mudrick Capital Management LP | Second Lien Notes due 2026 | Class A common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Waived off PIK interest |
|
|
|
|
$ 4,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|