Cablevision 2012 Annual Report Download - page 88

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Credit Agreement
On April 13, 2010, CSC Holdings and certain of its subsidiaries, the "Restricted Subsidiaries", entered
into an amended credit agreement (the "Credit Agreement"), providing for (i) an amendment and
restatement of the credit agreement, dated as of February 24, 2006, as first amended and restated in its
entirety as of May 27, 2009 and further amended and restated in its entirety as of April 13, 2010, and
(ii) an amendment to the incremental term supplement, dated as of March 29, 2006 and amended as of
May 27, 2009.
Among other things, the Credit Agreement provides for the specific mechanics of extending, from time to
time, the revolving credit commitments, term A loans, incremental term loans and any additional facility
commitments or additional facility loans, as applicable, with the terms of such extended facility to be
documented at the time of such extension in an extended facility agreement. Under the terms of the
Credit Agreement, CSC Holdings entered into three extended facilities as of April 13, 2010, as follows:
xan extended revolving loan facility agreement (the "Extended Revolving Loan Facility") that
provided for the extension of the availability period for lenders holding approximately
$820,000 of revolving credit commitments under CSC Holdings' $1,000,000 Revolving Credit
Facility to March 31, 2015. Lenders under the Extended Revolving Loan Facility are entitled
to an extension fee payment of between 2.00% and 2.50% per annum of the outstanding loans
under the Extended Revolving Loan Facility, based upon the cash flow ratio applicable from
time to time. In addition, revolving credit lenders with revolving credit commitments in the
aggregate amount of $412,000 executed joinders to the Credit Agreement agreeing to provide
increased revolving credit commitments with an availability period expiring on March 31,
2015.
xan 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.
xan 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.
In April 2010, the Company utilized $200,000 of its increased revolver commitments to make a $200,000
prepayment on 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 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.
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