Debt and Other Obligations (Tables)

9 Months Ended

Sep. 30, 2014

Debt and Other Obligations [Abstract]

Schedule of Long-Term Debt Instruments

	Original Issue Date	Contractual Maturity Date (d)		Outstanding Balance as of September 30, 2014			Outstanding Balance as of December 31, 2013		Stated Interest Rate as of September 30, 2014(a)(d)
Bank debt - variable rate:
2012 Revolver	Jan. 2012	Nov. 2018/Jan. 2019		$	354,000	(b)	$	374,000	1.9	%
Tranche A Term Loans	Jan. 2012	Nov. 2018/Jan. 2019		650,078			662,500		1.9	%
Tranche B Term Loans	Jan. 2012	Jan. 2019/Jan. 2021	(e)	2,842,669		(e)	2,864,150		3.0	%
Total bank debt				3,846,747			3,900,650
Securitized debt - fixed rate:
January 2010 Tower Revenue Notes	Jan. 2010	2035 - 2040	(c)	1,600,000		(f)	1,900,000		6.0	%
August 2010 Tower Revenue Notes	Aug. 2010	2035 - 2040	(c)	1,550,000			1,550,000		4.5	%
2009 Securitized Notes	July 2009	2019/2029		165,591			179,792		7.4	%
WCP Securitized Notes	Jan. 2010	Nov. 2040	(c)	268,313			286,171		5.7	%
Total securitized debt				3,583,904			3,915,963
Bonds - fixed rate:
7.125% Senior Notes	Oct. 2009	Nov. 2019		—		(f)	498,332		N/A
5.25% Senior Notes	Oct. 2012	Jan. 2023		1,649,970			1,649,970		5.3	%
2012 Secured Notes	Dec. 2012	Dec. 2017/Apr. 2023		1,500,000			1,500,000		3.4	%
4.875% Senior Notes	Apr. 2014	Apr. 2022		845,951		(f)	—		4.9	%
Total bonds				3,995,921			3,648,302
Other:
Capital leases and other obligations	Various	Various		147,106			129,585		Various
Total debt and other obligations				11,573,678			11,594,500
Less: current maturities and short-term debt and other current obligations				106,673			103,586
Non-current portion of long-term debt and other long-term obligations				$	11,467,005		$	11,490,914

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

(b) As of September 30, 2014, the undrawn availability under the $1.5 billion 2012 Revolver is $1.1 billion.

(c) If the respective series of such debt is not paid in full on or prior to an applicable date 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 additional interest (of an additional approximately 5% per annum) will accrue on the respective series. See the 2013 Form 10-K for additional information regarding these provisions.

(d) See the 2013 Form 10-K, including note 7, for additional information regarding the maturity and principal amortization provisions and interest rates relating to the Company's indebtedness.

(e) During January 2014, the Company amended its senior credit facility (as amended, "2012 Credit Facility") by extending the maturity date on a portion of the Tranche B Term Loans, including Incremental Tranche B Term Loans, to January 2021. As of September 30, 2014, the Company's Tranche B Term Loans, including the Incremental Tranche B Term Loans and the Incremental Tranche B-2 Term Loans, consist of $2.3 billion aggregate principal amount due January 2021 and $567.0 million aggregate principal amount due January 2019.

(f) In April 2014, the Company issued $850.0 million of senior notes due in April 2022 ("4.875% Senior Notes"). The 4.875% Senior Notes are general obligations of CCIC and rank equally with all existing and future senior debt of CCIC. The net proceeds from the offering were approximately $839 million, after the deduction of associated fees. The Company utilized the net proceeds from the 4.875% Senior Notes offering (1) to repay $300.0 million of the January 2010 Tower Revenue Notes with an anticipated repayment date of January 2015 and (2) to redeem all of the previously outstanding 7.125% Senior Notes (collectively, "2014 Refinancings").

Schedule of Maturities of Long-term Debt

Contractual Maturities

The following are the scheduled contractual maturities of the total debt and other long-term obligations outstanding as of September 30, 2014. 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 the rapid amortization date on the WCP Securitized Notes.

	Three Months Ending December 31,		Years Ending December 31,												Unamortized Adjustments, Net		Total Debt and Other Obligations Outstanding
	2014		2015		2016		2017		2018		Thereafter		Total Cash Obligations
Scheduled contractual maturities	$	26,124	$	103,831	$	118,523	$	615,990	$	979,754	$	9,728,904	$	11,573,126	$	552	$	11,573,678

Components of Interest Expense and Amortization of Deferred Financing Costs

Interest Expense and Amortization of Deferred Financing Costs

The components of interest expense and amortization of deferred financing costs are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Interest expense on debt obligations	$	121,450		$	121,246		$	370,899		$	368,400
Amortization of deferred financing costs	5,516			5,366			16,678			19,426
Amortization of adjustments on long-term debt	(892		)	(971		)	(2,743		)	9,500
Amortization of interest rate swaps(a)	15,551			16,222			47,895			48,726
Other, net of capitalized interest	(338		)	153			(508		)	589
Total	$	141,287		$	142,016		$	432,221		$	446,641

(a) Amounts reclassified from accumulated other comprehensive income (loss).

Schedule of Extinguishment of Debt [Table Text Block]

Purchases and Redemptions of Long-Term Debt

The following is a summary of purchases and redemptions of long-term debt during the nine months ended September 30, 2014.

	Nine Months Ended September 30, 2014
	Principal Amount		Cash Paid(a)		Gains (Losses)(b)
January 2010 Tower Revenue Notes	$	300,000	$	302,990	$	(3,740	)
7.125% Senior Notes	500,000		533,909		(40,889		)
Total	$	800,000	$	836,899	$	(44,629	)

(a) Exclusive of accrued interest.

(b) The losses predominantly relate to cash losses, including make whole payments and are inclusive of $7.7 million related to the write off of deferred financing costs and discounts.