Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.1.9
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (amounts in thousands):
 
December 31,
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)
894,208

 
902,293

$225 million revolving credit facility, matures December 22, 2017, LIBOR plus 3.75%, subject to a LIBOR floor of 1.00% (a)
70,500

 
19,500

 
1,649,708

 
1,606,793

Less current portion of long-term debt
(9,166
)
 
(9,166
)
Long-term debt
$
1,640,542

 
$
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 Refinancing Costs
The components of the Refinancing expense, reflected in the consolidated statement of operations and comprehensive income (loss) as a component of Other income (expense) for the year ended December 31, 2012, are as follows (amounts in thousands): 
 
Year Ended December 31, 2012
 
 

Accelerated amortization of deferred financing costs
$
389

Accelerated amortization of securitization debt discount
6,679

Other refinancing costs
7,628

Gain on early termination of derivative instruments
(8,451
)
Total refinancing expense
$
6,245

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):
2015
$
9,166

2016
9,166

2017
79,667

2018
870,800

2019

2020
685,000

Thereafter

Total principal payments
1,653,799

Less:
 

Unamortized discount on the Credit Facility term loans
4,091

Total debt on consolidated balance sheet
$
1,649,708