Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.3.1.900
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (amounts in thousands):
 
December 31,
2015
 
December 31,
2014
9.125% Senior Notes due April 1, 2020 with an effective rate of 9.4%
$
576,241

 
$
574,517

9.868% Promissory Note to Ascent Capital due October 1, 2020
   with an effective rate of 9.868%
100,000

 
100,000

Term loans, mature March 23, 2018, LIBOR plus 3.25%, subject to a LIBOR floor of 1.00% with an effective rate of 5.0%
394,938

 
885,928

Term loans, mature April 9, 2022, LIBOR plus 3.5%, subject to a LIBOR floor of 1.00% with an effective interest rate of 5.1%
542,420

 

$315 million revolving credit facility, matures December 22, 2017, LIBOR plus 3.75%, subject to a LIBOR floor of 1.00% with an effective rate of 6.7%
131,048

 
68,345

 
1,744,647

 
1,628,790

Less current portion of long-term debt
(5,500
)
 
(9,166
)
Long-term debt
$
1,739,147

 
$
1,619,624


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):
2016
$
5,500

2017
138,750

2018
409,284

2019
5,500

2020
690,500

2021
5,500

Thereafter
512,875

Total principal payments
1,767,909

Less:
 

Unamortized discounts, premium and deferred debt costs, net
23,262

Total debt on consolidated balance sheet
$
1,744,647