Cablevision 2011 Annual Report Download - page 172

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-48
Senior Notes and Debentures
The following table summarizes the Company's senior notes and debentures:
Carrying Amount at
Date Maturity Issue December 31,
Issuer Issued Date Rate Amount 2011 2010
CSC Holdings(a) March 2001 April 2011 7.625% $1,000,000 $ - $ 325,773
CSC Holdings(b) April 2004 April 2012 6.75% 500,000 60,997 244,617
CSC Holdings(b) January 2009 April 2014 8.50% 844,000 543,554 779,631
CSC Holdings(b)(c) June 2008 June 2015 8.50% 500,000 120,543 500,000
CSC Holdings(d) February 1998 February 2018 7.875% 300,000 298,950 298,779
CSC Holdings(d) July 1998 July 2018 7.625% 500,000 499,837 499,812
CSC Holdings(b) February 2009 February 2019 8.625% 526,000 505,813 503,893
CSC Holdings(b) November 2011 November 2021 6.75% 1,000,000 1,000,000 -
Bresnan Cable(e) December 2010 December 2018 8.00% 250,000 250,000 250,000
3,279,694 3,402,505
Cablevision(b) April 2004 April 2012 8.00% 1,000,000 26,825 26,825
Cablevision(b) September 2009 September 2017 8.625% 900,000 890,141 888,863
Cablevision(b) April 2010 April 2018 7.75% 750,000 750,000 750,000
Cablevision(b) April 2010 April 2020 8.00% 500,000 500,000 500,000
$5,446,660 $5,568,193
______________
(a) In April 2011, CSC Holdings repaid the principal amount of the notes of $325,796, plus accrued interest, with $275,000 of
borrowings under its revolving loan facility and cash-on-hand.
(b) The Company may redeem some or all of the notes at any time at a specified "make-whole" price plus accrued and unpaid
interest to the redemption date.
(c) The senior notes are redeemable, in whole or in part, at a redemption price equal to 104.250% of face value at any time on or
after June 15, 2012, 102.125% on or after June 15, 2013, and 100% on or after June 15, 2014.
(d) These notes are not redeemable by the Company prior to maturity.
(e) At any time prior to December 15, 2013, the Company may redeem some or all of the notes at a specified "make-whole" price
plus accrued and unpaid interest to the redemption date. Beginning on or after December 15, 2013, the Company may redeem
some or all of the notes at a redemption price equal to 106% declining annually to 100% beginning on December 15, 2016.
The table above excludes the $487,500 principal amount of Cablevision 7.75% senior notes due 2018 and
$266,217 principal amount of Cablevision 8.00% senior notes due 2020 held by Newsday at
December 31, 2011 and 2010, which are eliminated in the consolidated balance sheets of Cablevision.
The indentures under which the senior notes and debentures were issued contain various covenants, which
are generally less restrictive than those contained in the credit agreement of the issuer.
Issuance of Debt Securities
CSC Holdings 8-1/2% Senior Notes Due 2014
On January 13, 2009, CSC Holdings issued $844,000 aggregate principal amount of 8-1/2% senior notes
due April 15, 2014. These notes are senior unsecured obligations and are not guaranteed by any of CSC
Holdings' subsidiaries. Gross proceeds from the issuance were approximately $750,189, after giving
effect to the original issue discount of approximately $93,811. The proceeds were used in connection
with the February 2009 tender offers discussed below and to fund a distribution to Cablevision that was