Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (amounts in thousands):
 
 
September 30,
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 April 9, 2022, LIBOR plus 3.5%, subject to a LIBOR floor of 1.00% (4.50%)
544,650

 

Term loans, mature March 23, 2018, LIBOR plus 3.25%, subject to a LIBOR floor of 1.00% (4.25%)
400,560

 
894,208

$315 million revolving credit facility, matures December 22, 2017, LIBOR plus 3.75%, subject to a LIBOR floor of 1.00% (4.75%)
129,600

 
70,500

 
1,759,810

 
1,649,708

Less current portion of long-term debt
(5,500
)
 
(9,166
)
Long-term debt
$
1,754,310

 
$
1,640,542

Schedule of maturities of long-term debt including short term borrowings
As of September 30, 2015, principal payments scheduled to be made on the Company’s debt obligations are as follows (amounts in thousands):
Remainder of 2015
$
1,375

2016
5,500

2017
135,100

2018
409,284

2019
5,500

2020
690,500

Thereafter
518,375

Total principal payments
1,765,634

Less:
 

Unamortized discount on the Credit Facility term loans
5,824

Total debt on condensed consolidated balance sheet
$
1,759,810