Cablevision 2012 Annual Report Download - page 170

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-42
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.
The Restricted Group credit facility requires the Restricted Group to pay a commitment fee of 0.50% in
respect of the average daily unused commitments under the revolving loan facilities.
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 extended revolving loan facility has no required interim repayments. The Term A-3 extended loan
facility is subject to quarterly repayments of approximately $18,213 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 2013,
$15,000 through December 2015, $30,000 through September 2016, and a final principal repayment of
$360,000 in December 2016. The Term B-2 extended loan facility is subject to quarterly repayments of
approximately $1,871 through December 2015 and a final payment of approximately $675,357 upon
maturity in March 2016. The Term B-3 extended loan facility is subject to quarterly repayments of
approximately $4,196 through December 2015 and a final payment of approximately $1,581,933 upon
maturity in March 2016. The borrowings under the Restricted Group credit facility may be repaid
without penalty at any time.
AMC Networks Distribution
In connection with the AMC Networks Distribution, AMC Networks issued senior notes and senior
secured term loans under its new senior secured credit facility to the Company as partial consideration for
the transfer of certain businesses to AMC Networks. The Company exchanged the AMC Networks
senior notes and senior secured term loans in satisfaction and discharge of $1,250,000 outstanding
indebtedness under its Restricted Group revolving loan and extended revolving loan facilities.