Cablevision 2014 Annual Report Download - page 68

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62
Debt Outstanding
The following table summarizes our outstanding debt (excluding accrued interest), including capital lease obligations, as well as
interest expense and capital expenditures as of and for the year ended December 31, 2014:
Restricted
Group Newsday
LLC (a) Other
Entities
Total
CSC
Holdings Cablevision Eliminations (b) Total
Cablevision
Credit facility debt .. $ 2,300,649 $ 480,000 $ — $ 2,780,649 $ — $ — $ 2,780,649
Senior notes and
debentures............ 3,062,126 — — 3,062,126 3,405,196 (611,455) 5,855,867
Collateralized
indebtedness
relating to stock
monetizations....... — — 986,183 986,183 — — 986,183
Capital lease
obligations ........... 45,980 432 — 46,412 — — 46,412
Notes payable.......... 23,911 — — 23,911 — — 23,911
Total debt.............. $ 5,432,666 $ 480,432 $ 986,183 $ 6,899,281 $ 3,405,196 $ (611,455) $ 9,693,022
Interest expense....... $ 288,216 $ 18,860 $ 46,212 $ 353,288 $ 270,766 $ (48,054) $ 576,000
Capital expenditures $ 874,099 $ 5,816 $ 11,763 $ 891,678 $ — $ — $ 891,678
(a) CSC Holdings has guaranteed Newsday LLC's obligation under its credit facility, which amounted to $480,000 at
December 31, 2014. For purposes of the Restricted Group credit facility and indentures, guarantees are treated as
indebtedness. The total debt for the Restricted Group reflected in the table above does not include the $480,000 guarantee.
(b) Represents the elimination of the senior notes issued by Cablevision and held by Newsday Holdings.
The following table provides details of our outstanding credit facility debt:
Interest
Rate at
Amounts
Payable
on or prior to Carrying Value at
Maturity
Date December 31,
2014 December 31,
2015 December 31,
2014 December 31,
2013
Restricted Group:
Revolving loan facility................. April 17, 2018 — $ — $ — $ —
Term A loan facility..................... April 17, 2018 1.92% 47,926 934,547 958,510
Term B loan facility (a)................ April 17, 2020 2.67% 13,923 1,366,102 2,327,635
Restricted Group credit facility debt...................................................... 61,849 2,300,649 3,286,145
Newsday floating rate term loan
facility....................................... October 12, 2016 3.67% — 480,000 480,000
Total credit facility debt......................................................................... $ 61,849 $ 2,780,649 $ 3,766,145
(a) The unamortized discount related to the Term B loan facility amounted to $5,326 and $10,615 at December 31, 2014 and
2013, respectively.
Payment Obligations Related to Debt
Total amounts payable by us in connection with our outstanding obligations during the five years subsequent to December 31,
2014 and thereafter, including related interest, as well as capital lease obligations and the value deliverable at maturity under
monetization contracts as of December 31, 2014 are as follows: