Cablevision 2011 Annual Report Download - page 85

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• an extended term A facility agreement (the "Term A-3 extended loan facility") that provided for
the extension of the maturity date for lenders holding approximately $480,000 of loans under
CSC Holdings' existing $650,000 Term A loan facility, at the time of the launch of the
transaction, to March 31, 2015. Lenders under the Term A-3 extended loan facility are entitled
to an extension fee payment of between 2.00% and 2.50% per annum of the outstanding loans
under the Term A-3 extended facility, based upon the cash flow ratio applicable from time to
time.
• an extended incremental term facility agreement (the "Term B-3 extended loan facility") that
provided for the extension of the maturity date for lenders holding approximately $1,678,000
under CSC Holdings' existing $2,200,000 incremental term facility, at the time of the launch of
the transaction, to March 29, 2016. Lenders under the Term B-3 extended loan facility are
entitled to an extension fee payment of 3.00% per annum of the outstanding loans under the
Term B-3 extended loan facility.
On June 30, 2010, the availability period for $20,000 of revolving credit commitments under CSC
Holdings' Revolving Loan Facility was extended to March 31, 2015 and the maturity date of $4,786 of
loans under CSC Holdings' existing term A facility was extended to March 31, 2015.
In April 2010, the Company utilized $200,000 of its increased revolver commitments to make a $200,000
pre-payment of the unextended term B credit facility. In addition, in December 2010, the Company
utilized $395,000 of its revolver commitments to make a $395,000 equity contribution in Bresnan Cable.
On November 14, 2011, CSC Holdings entered into an extended term A facility Agreement (the "Term
A-4 extended loan facility") pursuant to the terms of the Credit Agreement. The Term A-4 extended loan
facility agreement increases the commitments of certain existing term A lenders and includes
commitments of certain new term A lenders, with the effect being to create the Term A-4 extended loan
facility, providing for $600,000 of extended term A loans with a final maturity date of December 31,
2016. Lenders under the Term A-4 extended loan facility are entitled to an extension fee payment of
between 1.50% and 2.50% per annum of the outstanding extended facility loans under the Term A-4
extended loan facility, based upon the Cash Flow Ratio applicable from time to time; provided that until
June 2012 the extension fee shall remain at 2.00% per annum. In connection with the Term A-4 extended
loan facility, the Company incurred deferred financing costs of $4,490, which are being amortized to
interest expense over the term of the facility. A portion of the proceeds from the Term A-4 extended loan
facility was used to repay the outstanding balances of the Term A-1 loan facility and Term B loan facility.
In connection with the repayments, the Company recorded a write-off of the remaining unamortized
deferred financing costs associated with the Term A-1 loan facility and Term B loan facility of
approximately $470.
Loans under the Restricted Group credit facility are direct obligations of CSC Holdings, guaranteed by
most Restricted Group subsidiaries and secured by the pledge of the stock of most Restricted Group
subsidiaries.
Credit Facility Repayments
The revolver has no required interim repayments. The Term A-3 extended loan facility is subject to
quarterly repayments of approximately $12,142 through March 2012, approximately $18,213 beginning
in June 2012 through March 2013, approximately $24,284 beginning in June 2013 through March 2014
and approximately $54,640 beginning in June 2014 through its maturity date in March 2015. The
principal amount of the Term A-4 extended loan facility will be repaid beginning in March 2013 in
quarterly installments of $7,500 through December 31, 2013, $15,000 through December 31, 2015,