Cablevision 2012 Annual Report Download - page 176

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-48
CSC Holdings
In September 2012, CSC Holdings commenced a cash tender offer for: (1) its outstanding $120,543
aggregate principal amount of June 2015 Notes for total consideration of $1,046.25 per $1,000 principal
amount of notes tendered for purchase, consisting of tender offer consideration of $1,016.25 per $1,000
principal amount of notes plus an early tender premium of $30 per $1,000 principal amount of notes, and
(2) its outstanding $575,633 aggregate principal amount of April 2014 Notes for total consideration of
$1,113 per $1,000 principal amount of notes tendered for purchase, consisting of tender offer
consideration of $1,083 per $1,000 principal amount of notes plus an early tender premium of $30 per
$1,000 principal amount of notes. Holders that tendered their securities by September 26, 2012 ("Early
Tender Date") received the total consideration. Holders who tendered their securities after such time and
by the October 11, 2012 expiration date ("Tender Expiration Date") received the tender offer
consideration, which is the total consideration less the early tender premium.
The aggregate principal amount of the June 2015 Notes and April 2014 Notes that were tendered and
repurchased on September 27, 2012 amounted to $29,000 and $370,696, respectively. There were no
additional securities tendered between the Early Tender Date and the Tender Expiration Date. The tender
premiums associated with the repurchase of the June 2015 Notes and April 2014 Notes of approximately
$43,231, along with other transaction costs of $577, have been recorded in loss on extinguishment of debt
in the consolidated statement of income for the year ended December 31, 2012. In addition, unamortized
deferred financing costs and discounts related to these notes aggregating approximately $16,997 were
written-off in the year ended December 31, 2012.
In October 2011, CSC Holdings commenced a cash tender offer (the "October 2011 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 October 2011 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. 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 notes repurchased aggregating
approximately $21,302 were written-off in 2011.