FairPoint Communications 2004 Annual Report Download - page 50

Summary of Contractual Obligations
The tables set forth below contain information with regard to disclosures about contractual obligations and commercial commitments.
The following table discloses aggregate information about our contractual obligations as of December 31, 2004 and the periods in which
payments are due:
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 













 

Contractual obligations:
Debt maturing within one year $27,256 $27,256 $ — $ — $ —
Long term debt 783,176 — 168,768 193,737 420,671
Preferred shares subject to mandatory redemption 126,750 — — — 126,750
Operating leases(1) 10,037 3,291 4,935 1,222 589
Deferred transaction fee(2) 8,445 — — — 8,445
Common stock subject to put options 1,136 1,000 136 — —
Minimum purchase contract 7,766 5,828 1,938 — —
Total contractual cash obligations $964,566 $37,375 $175,777 $194,959 $556,455
(1) Real property lease obligations of $5.8 million associated with the discontinued operations discussed in note 13 to our consolidated
financial statements which are stated in this table at total contractual amounts. However, we have negotiated lease terminations or
subleases on these properties to reduce the total obligation. Operating leases from continuing operations of $4.2 million are also
included.
(2) Payable to Kelso & Company upon the occurrence of certain events, which include the offering. See "Item 13. Certain Relationships
and Related Transactions—Financial Advisory Agreements."
The following table discloses aggregate information about our contractual obligations as of December 31, 2004 after giving effect to the
transactions and the periods in which payments are due:


 

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










 

Contractual obligations:
Debt maturing within one year $524 $524 $ — $ — $ —
Long term debt 592,810 — 1,132 622 591,056
Operating leases(1) 10,037 3,291 4,935 1,222 589
Minimum purchase contract 7,766 5,828 1,938 — —
Total contractual cash obligations $611,137 $9,643 $8,005 $1,844 $591,645
(1) Real property lease obligations of $5.8 million associated with the discontinued operations discussed in note 13 to our consolidated
financial statements which are stated in this table at total contractual amounts. However, we have negotiated lease terminations or
subleases on these properties to reduce the total obligation. Operating leases from continuing operations of $4.2 million are also
included.
As of December 31, 2004, we did not have any derivative financial instruments.
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