Cablevision 2011 Annual Report Download - page 175

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-51
notes due July 15, 2009 ("July 2009 Notes") and (2) its outstanding $400,000 aggregate principal amount
of 8-1/8% senior debentures due August 15, 2009 ("August 2009 Debentures").
Pursuant to the Cablevision February Tender and CSC Holdings February Tender, the Company
repurchased $196,269 aggregate principal amount of the April 2009 notes, $449,430 aggregate principal
amount of the July 2009 Notes and $306,791 aggregate principal amount of the August 2009 Debentures.
The tender premiums aggregating approximately $490 for the Cablevision April 2009 notes and $18,726
for CSC Holdings July 2009 Notes and August 2009 Debentures, have been recorded in loss on
extinguishment of debt in the consolidated statement of income for the year ended December 31, 2009.
As of December 31, 2009, Cablevision repaid the remaining outstanding balance of its April 2009 notes
aggregating $303,731 upon their maturity on April 1, 2009 with cash on hand and CSC Holdings repaid
the remaining outstanding balance of its July 2009 Notes aggregating $50,570 and its August 2009
Debentures aggregating $93,209 upon their maturity on July 15, 2009 and August 15, 2009, respectively,
with cash on hand.
CSC Holdings
In October 2011, CSC Holdings commenced a cash tender offer for (1) its outstanding $500,000
aggregate principal amount of 8-1/2% senior notes due June 2015 ("June 2015 Notes") for total
consideration of $1,085 per $1,000 principal amount of notes tendered for purchase, consisting of tender
offer consideration of $1,055 per $1,000 principal amount of notes plus an early tender premium of $30
per $1,000 principal amount of notes, (2) its outstanding $191,934 aggregate principal amount of 6-3/4%
senior notes due April 2012 ("CSC Holdings April 2012 Notes") for total consideration of $1,020 per
$1,000 principal amount of notes tendered for purchase, consisting of tender offer consideration of $1,000
per $1,000 principal amount of notes plus an early tender premium of $20 per $1,000 principal amount of
notes, and (3) its outstanding $834,000 aggregate principal amount of 8-1/2% senior notes due April 2014
("April 2014 Notes") for total consideration of $1,125 per $1,000 principal amount of notes tendered for
purchase, consisting of tender offer consideration of $1,095 per $1,000 principal amount of notes plus an
early tender premium of $30 per $1,000 principal amount of notes.
In connection with the tender offer described above, CSC Holdings repurchased approximately $379,500
aggregate principal amount of the June 2015 Notes, approximately $44,600 aggregate principal amount of
the CSC Holdings April 2012 Notes, and approximately $258,400 aggregate principal amount of the
April 2014 Notes. The total amount validly tendered represented approximately 76% of the outstanding
principal amount of the June 2015 Notes, approximately 23% of the outstanding principal amount of the
CSC Holdings April 2012 Notes, and approximately 31% of the outstanding principal amount of the April
2014 Notes. Tender premiums aggregating $65,433, along with other transaction costs of approximately
$957, have been recorded in loss on extinguishment of debt in the consolidated statement of income for
the year ended December 31, 2011. In addition, unamortized deferred financing costs and discounts
related to the portion of the June 2015 Notes, April 2014 Notes and CSC Holdings April 2012 Notes
repurchased aggregating approximately $21,302 were written-off in 2011.
In September 2009, CSC Holdings commenced a cash tender offer (the "CSC Holdings
September Tender") for its outstanding $1,000,000 aggregate principal amount of 7-5/8% senior
notes due April 1, 2011 ("April 2011 Notes") and its outstanding $500,000 aggregate principal
amount of 6-3/4% senior notes due April 15, 2012 ("April 2012 Notes"). Pursuant to the CSC
Holdings September Tender, in October 2009, CSC Holdings repurchased $674,204 aggregate principal
amount of the April 2011 Notes and $255,383 aggregate principal amount of the April 2012 Notes. The
tender premiums aggregating approximately $33,604 for the April 2011 Notes and $11,809 for the April