Debt and Other Obligations (Tables)

12 Months Ended

Dec. 31, 2012

Debt and Other Obligations [Abstract]

Schedule of Long-Term Debt Instruments

The following is a summary of the Company's indebtedness.

	Original Issue Date	Contractual Maturity Date		Outstanding Balance as of December 31, 2012			Outstanding Balance as of December 31, 2011		Stated Interest Rate as of December 31, 2012(a)
Bank debt – variable rate:
2007 Revolver	Jan. 2007	Sept. 2013		$	—		$	251,000	N/A
2012 Revolver	Jan. 2012	Jan. 2017	(b)	1,253,000		(b)	—		2.7	%	(c)
2007 Term Loans	Jan. 2007	March 2014		—			619,125		N/A
2012 Term Loans	Jan. 2012	2017/2019		2,065,250			—		3.7	%	(c)
Total bank debt				3,318,250			870,125
Securitized debt – fixed rate:
January 2010 Tower Revenue Notes	Jan. 2010	2035-2040	(d)	1,900,000			1,900,000		5.7	%	(d)
August 2010 Tower Revenue Notes	Aug. 2010	2035-2040	(d)	1,550,000			1,550,000		4.5	%	(d)
2009 Securitized Notes	July 2009	2019/2029	(e)	198,463			216,431		7.0	%
WCP Securitized Notes	Jan. 2010	Nov. 2040	(f)	307,739			—		5.4	%	(g)
Total securitized debt				3,956,202			3,666,431
Bonds – fixed rate:
9% Senior Notes	Jan. 2009	Jan. 2015		304,718			817,799		9.0	%	(h)
7.75% Secured Notes	Apr. 2009	May 2017		291,394			978,983		7.8	%	(i)
7.125% Senior Notes	Oct. 2009	Nov. 2019		498,110			497,904		7.1	%	(j)
7.5% Senior Notes	Dec. 2003	Dec. 2013		—			51		N/A
5.25% Senior Notes	Oct. 2012	Jan. 2023		1,650,000			—		5.3	%
2012 Secured Notes	Dec. 2012	2017/2023	(m)	1,500,000			—		3.4	%
Total bonds				4,244,222			2,294,737
Other:
Capital leases and other obligations	Various	Various	(k)	92,568			54,406		Various		(k)
Total debt and other obligations				11,611,242			6,885,699
Less: current maturities and short-term debt and other current obligations				688,056		(l)	32,517
Non-current portion of long-term debt and other long-term obligations				$	10,923,186		$	6,853,182

(a) Represents the weighted-average stated interest rate.

(b) As of December 31, 2012, the undrawn availability under the $1.5 billion senior secured revolving credit facility ("2012 Revolver") is $247.0 million.

(c) The 2012 Revolver and Term Loan A bear interest at a rate per annum equal to LIBOR plus a credit spread ranging from 2.0% to 2.75%, based on the CCOC total net leverage ratio. Term Loan B bears interest at a rate per annum equal to LIBOR plus 3.0% (with LIBOR subject to a floor of 1% per annum). The Company pays a commitment fee of approximately 0.4% per annum on the undrawn available amount under the 2012 Revolver.

(d) If the respective series of the January 2010 Tower Revenue Notes and August 2010 Tower Revenue Notes (collectively, "2010 Tower Revenue Notes") are not paid in full on or prior to 2015, 2017 and 2020, as applicable, then Excess Cash Flow (as defined in the indenture) of the issuers (of such notes) will be used to repay principal of the applicable series and class of the 2010 Tower Revenue Notes, and additional interest (of an additional approximately 5% per annum) will accrue on the respective 2010 Tower Revenue Notes. The January 2010 Tower Revenue Notes consist of three series of notes with principal amounts of $300.0 million, $350.0 million and $1.3 billion, having anticipated repayment dates in 2015, 2017 and 2020, respectively. The August 2010 Tower Revenue Notes consist of three series of notes with principal amounts of $250.0 million, $300.0 million and $1.0 billion, having anticipated repayment dates in 2015, 2017 and 2020, respectively.

(e) The 2009 Securitized Notes consist of $128.5 million of principal as of December 31, 2012 that amortizes through 2019, and $70.0 million of principal as of December 31, 2012 that amortizes during the period beginning in 2019 and ending in 2029.

(f) The WCP securitized notes ("WCP Securitized Notes") were assumed in connection with the WCP Acquisition. The WCP Securitized Notes include a fair value adjustment that increased the debt carrying value by $11.7 million as of December 31, 2012. The anticipated repayment date is 2015 for each class. If the WCP Securitized Notes are not repaid in full by their anticipated repayment dates, the applicable interest rate increases by an additional approximately 5% per annum. If the WCP Securitized Notes are not repaid in full by their rapid amortization date of 2017, monthly principal payments commence using the excess cash flows of the issuers of the WCP Securitized Notes.

(g) The effective yield is approximately 4.0%, inclusive of the fair value adjustment.

(h) The effective yield is approximately 11.3%, inclusive of the discount.

(i) The effective yield is approximately 8.2%, inclusive of the discount.

(j) The effective yield is approximately 7.2%, inclusive of the discount.

(k) The Company's capital leases and other obligations bear interest rates ranging up to 10% and mature in periods ranging from less than one year to approximately 20 years.

(l) Inclusive of the 9% senior notes ("9% Senior Notes") and the 7.75% secured notes ("7.75% Secured Notes") whose repurchase and redemption was completed in January 2013. See note 20.

(m) The Company issued $500 million aggregate principal amount of 2.381% secured notes due 2017 and $1.0 billion aggregate principal amount of 3.849% secured notes due 2023 (collectively, "2012 Secured Notes").

Schedule of Maturities of Long-term Debt

The following are the scheduled contractual maturities of the total debt and other long-term obligations outstanding at December 31, 2012. These maturities reflect contractual maturity dates and do not consider the principal payments that will commence following the anticipated repayment dates on the Tower Revenue Notes and WCP Securitized Notes. If the Tower Revenue Notes are not paid in full on or prior to 2015, 2017 and 2020, as applicable, then the Excess Cash Flow (as defined in the indenture) of the issuers of such notes will be used to repay principal of the applicable series and class of the Tower Revenue Notes, and additional interest (of an additional approximately 5% per annum) will accrue on the Tower Revenue Notes. If the WCP Securitized Notes are not paid in full by their anticipated repayment dates in 2015, the applicable interest rate increases by an additional approximately 5% per annum. If the WCP Securitized Notes are not rapid in full by their rapid amortization date of 2017, monthly principal payments commence using the Excess Cash Flow of the issuers of the WCP Securitized Notes. See note 20. 

	Years Ending December 31,
	2013			2014		2015		2016		2017		Thereafter		Total Cash Obligations		Net Unamortized Discounts			Total Debt and Other Obligations Outstanding
Scheduled contractual maturities	$	696,715	(a)	$	99,101	$	111,437	$	112,782	$	2,139,893	$	8,453,916	$	11,613,844	$	(2,602	)	$	11,611,242

(a) Inclusive of the repurchase or redemption in January 2013 of the 9% Senior Notes and the 7.75% Secured Notes that remained outstanding as of December 31, 2012. See note 20.

Schedule of Extinguishment of Debt

The following is a summary of the purchases and repayments of debt during the years ended December 31, 2012 and December 31, 2010. There were no purchases and repayments of debt during the year ended December 31, 2011.

	Year Ending December 31, 2012
	Principal Amount		Cash Paid(a)		Gains (losses)
Revolver	$	251,000	$	251,000	$	(1,445	)
2007 Term Loans	619,125		619,125		(1,893		)
9% Senior Notes	552,715		589,105		(62,966		)
7.75% Secured Notes	706,045		752,332		(64,989		)
7.5% Senior Notes	51		51		—
WCP Securitized Notes	16,911		18,096		(681		)
Total	$	2,145,847	$	2,229,709	$	(131,974	)	(b)

(a) Exclusive of accrued interest.

(b) Inclusive of $48.1 million related to the write-off of deferred financing costs and discounts. In addition, the remainder relates to cash losses including with respect to make whole payments.

	Year Ending December 31, 2010
	Principal Amount		Cash Paid(a)		Gains (losses)
2005 Tower Revenue Notes	$	1,638,616	$	1,651,255	$	(15,718	)
2006 Tower Revenue Notes	1,550,000		1,629,920		(87,755		)
2009 Securitized Notes(b)	5,000		5,250		(393		)
9% Senior Notes	33,115		36,116		(6,425		)
7.75% Secured Notes	199,593		218,771		(28,076		)
Total	$	3,426,324	$	3,541,312	$	(138,367	)	(c)

(a) Exclusive of accrued interest.

(b) These debt purchases were made by CCIC, rather than by the subsidiaries issuing the debt, because of restrictions upon the subsidiaries issuing the debt. As a result, the debt remains outstanding at the Company's subsidiaries.

(c) Inclusive of $23.4 million related to the write-off of deferred financing costs and discounts.