Cablevision 2011 Annual Report Download - page 83

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The following table provides details of the Company's outstanding credit facility debt:
Maturity
Interest
Rate at
December 31,
Carrying
Value at
December 31,
Date 2011 2011 2010
Restricted Group:
Revolving loan facility(a) ...................... February 24, 2012 - $ - $ 77,990
Extended revolving loan facility ............ March 31, 2015 - - 617,010
Term A-1 loan facility ........................... February 24, 2012 - - 69,016
Term A-3 extended loan facility ............ March 31, 2015 2.54% 400,690 449,259
Term A-4 extended loan facility ............ December 31, 2016 2.28% 600,000 -
Term B loan facility .............................. March 29, 2013 - - 324,254
Term B-2 extended loan facility ............ March 29, 2016 3.54% 1,133,699 1,145,728
Term B-3 extended loan facility ............ March 29, 2016 3.29% 1,649,071 1,665,855
Restricted Group credit facility debt .................................................................................
.
3,783,460 4,349,112
Bresnan Cable:
Term loan facility .................................. December 14, 2017 4.50% 750,734 757,398
Revolving loan facility(b) ...................... December 14, 2015 - - -
Bresnan Cable credit facility debt .....................................................................................
.
750,734 757,398
Newsday:
Fixed rate term loan facility .................. August 1, 2013 10.50% 525,000 525,000
Floating rate term loan facility .............. August 1, 2013 6.65% 125,000 125,000
Newsday credit facility debt .............................................................................................
.
650,000 650,000
Total credit facility debt .......................................................................................................
.
$5,184,194 $5,756,510
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(a) At December 31, 2011, $60,648 of the revolving loan facility was restricted for certain letters of credit issued on behalf of CSC
Holdings and $1,351,805 of the revolving loan facilities was undrawn and available to be drawn to meet the net funding and
investment requirements of the Restricted Group.
(b) At December 31, 2011, $300 of the revolving loan facility was restricted for certain letters of credit issued on behalf of Bresnan
Cable and $74,700 of the revolver was undrawn and available to be drawn to meet the net funding and investment requirements
of Bresnan Cable.
Payment Obligations Related to Debt
Total amounts payable by the Company and its subsidiaries in connection with its outstanding obligations
during the five years subsequent to December 31, 2011 and thereafter, including related interest, as well
as capital lease obligations and the value deliverable at maturity under monetization contracts as of
December 31, 2011 are as follows:
Cablevision
Restricted
Group
Bresnan
Cable Newsday
Other
Entities Total
2012 ............... $ 203,648 $ 595,697 $ 69,022 $ 65,138 $171,391 (a) $ 1,104,896
2013 ............... 175,750 514,697 61,723 715,096 319,668
(a) 1,786,934
2014 ............... 175,750 1,174,629 61,374 220 2,471 1,414,444
2015 ............... 175,750 547,785 61,025 195 25,505 810,260
2016 ............... 175,750 3,324,403 60,767 68 - 3,560,988
Thereafter ...... 2,454,813 2,888,606 1,040,261 68 - 6,383,748 (b)
Total .............. $3,361,461 $9,045,817 $1,354,172 $780,785 $519,035 $15,061,270
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(a) Cablevision has the option, at maturity, to deliver the shares of common stock underlying the monetization contracts
along with proceeds from the related derivative contracts in full satisfaction of the maturing collateralized indebtedness or
obtain the required cash equivalent of the common stock through new monetization and derivative contracts. The
amounts included in the table are $148,175 in 2012 and $307,763 in 2013.
(b) 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 Holdings LLC, which are pledged to the lenders under its
credit facility.