Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v2.4.1.9
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (amounts in thousands):
 
 
March 31,
2015
 
December 31,
2014
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%
892,199

 
894,208

$315 million revolving credit facility, matures December 22, 2017, LIBOR plus 3.75%, subject to a LIBOR floor of 1.00%
130,300

 
70,500

 
1,707,499

 
1,649,708

Less current portion of long-term debt
(9,166
)
 
(9,166
)
Long-term debt
$
1,698,333

 
$
1,640,542

Schedule of maturities of long-term debt including short term borrowings
As of March 31, 2015, principal payments scheduled to be made on the Company’s debt obligations are as follows (amounts in thousands):
Remainder of 2015
$
6,875

2016
9,166

2017
139,466

2018
870,800

2019

2020
685,000

Thereafter

Total principal payments
1,711,307

Less:
 

Unamortized discount on the Credit Facility term loans
3,808

Total debt on condensed consolidated balance sheet
$
1,707,499