Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.7.0.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (amounts in thousands):

 
December 31,
2016
 
December 31,
2015
9.125% Senior Notes due April 1, 2020 with an effective rate of 9.4%
$
578,078

 
$
576,241

Promissory Note to Ascent Capital due October 1, 2020
   with an effective rate of 12.5% (a)
12,000

 
100,000

Term loan, matures September 30, 2022, LIBOR plus 5.5% subject to a LIBOR floor of 1.00% with an effective rate of 7.2%
1,066,130

 

$295 million revolving credit facility, matures September 30, 2021, LIBOR plus 4.00% subject to a LIBOR floor of 1.00% with an effective rate of 5.3%
42,570

 

Term loan, 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

Term loan, 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

 
1,698,778

 
1,744,647

Less current portion of long-term debt
(11,000
)
 
(5,500
)
Long-term debt
$
1,687,778

 
$
1,739,147

 

(a)     The effective rate was 9.868% until February 29, 2016.
Schedule of Components of Refinancing Expense
The components of the refinancing expense is reflected below (amounts in thousands):

 
 
Twelve Months Ended 
 December 31, 2016
Accelerated amortization of deferred financing costs
 
$
4,160

Accelerated amortization of debt discount
 
3,416

Other refinancing costs
 
1,924

Total refinancing expense
 
$
9,500

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):
2017
$
11,000

2018
11,000

2019
11,000

2020
608,000

2021
55,800

Thereafter
1,042,250

Total principal payments
1,739,050

Less:
 

Unamortized discounts, premium and deferred debt costs, net
40,272

Total debt on consolidated balance sheet
$
1,698,778