Frontier Communications 2013 Annual Report Download - page 77

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amortization associated with certain software licenses that were acquired in the 2010 Transaction and are no
longer required for operations as a result of the completed systems conversions and $11.4 million and $56.3
million, respectively, for amortization associated with certain properties, each of which were fully amortized in
2012. Amortization expense, based on our current estimate of useful lives, is estimated to be approximately
$285 million in 2014, $240 million in 2015, $195 million in 2016, $150 million in 2017 and $105 million in
2018.
(7) Long-Term Debt:
The activity in our long-term debt from December 31, 2012 to December 31, 2013 is summarized as
follows:
($ in thousands)
December 31,
2012
Payments
and
Retirements
New
Borrowings
December 31,
2013
Interest
Rate at
December 31,
2013*
Year Ended
December 31, 2013
Senior Unsecured Debt . .............. $8,919,696 $(1,562,630) $750,000 $8,107,066 7.95%
Industrial Development Revenue
Bonds ............................. 13,550 — — 13,550 6.33%
Rural Utilities Service Loan Contracts . 9,322 (392) — 8,930 6.15%
TOTAL LONG-TERM DEBT ....... $8,942,568 $(1,563,022) $750,000 $8,129,546 7.95%
Less: Debt (Discount)/Premium. . . ..... (71) 2,037
Less: Current Portion . . . .............. (560,550) (257,916)
$8,381,947 $7,873,667
*Interest rate includes amortization of debt issuance costs and debt premiums or discounts. The interest rates at
December 31, 2013 represent a weighted average of multiple issuances.
F-15
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements