Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v2.4.0.8
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (amounts in thousands):
 
 
June 30,
2014
 
December 31,
2013
9.125% Senior Notes due April 1, 2020
$
585,000

 
$
585,000

9.868% Promissory Note to Ascent Capital due October 1, 2020
100,000

 
100,000

Term loans, mature March 23, 2018, LIBOR plus 3.25%, subject to a LIBOR floor of 1.00% (a)
898,241

 
902,293

$225 million revolving credit facility, matures December 22, 2017, LIBOR plus 3.75%, subject to a LIBOR floor of 1.00% (a)
41,500

 
19,500

 
1,624,741

 
1,606,793

Less current portion of long-term debt
(9,166
)
 
(9,166
)
Long-term debt
$
1,615,575

 
$
1,597,627

                                  
(a)
 The interest rate on the term loan and the revolving credit facility was LIBOR plus 4.25%, subject to a LIBOR floor of 1.25%, until March 25, 2013.
Schedule of maturities of long-term debt including short term borrowings
Principal payments scheduled to be made on the Company’s debt obligations are as follows (amounts in thousands):
 
Remainder of 2014
$
4,583

2015
9,166

2016
9,166

2017
50,667

2018
870,800

2019

Thereafter
685,000

Total principal payments
1,629,382

Less:
 

Unamortized discount on the Credit Facility term loans
4,641

Total debt on condensed consolidated balance sheet
$
1,624,741