Debt and Other Obligations (Tables)

12 Months Ended

Dec. 31, 2015

Debt and Other Obligations [Abstract]



	Original Issue Date	Contractual Maturity Date		Outstanding Balance as of December 31,					Stated Interest Rate as of December 31,
	Original Issue Date	Contractual Maturity Date		2015			2014		2015		^(a)
Bank debt – variable rate:
2012 Revolver	Jan. 2012	Jan. 2019		$	1,125,000	^(b)	$	695,000	2.2	%	^(c)
Tranche A Term Loans	Jan. 2012	Jan. 2019		629,375			645,938		2.2	%	^(c)
Tranche B Term Loans	Jan. 2012	Jan. 2021		2,247,015			2,835,509		3.0	%	^(d)
Total bank debt				4,001,390			4,176,447
Securitized debt – fixed rate:
January 2010 Tower Revenue Notes	Jan. 2010	2037-2040	^(e)	1,600,000			1,600,000		6.0	%	^(e)
August 2010 Tower Revenue Notes	Aug. 2010	2037-2040	^(e)	1,300,000			1,550,000		4.7	%	^(e)
May 2015 Tower Revenue Notes	May 2015	2042-2045	^(e)	1,000,000			—		3.5	%	^(e)
2009 Securitized Notes	July 2009	2019/2029	^(f)	141,592			160,822		7.6	%
WCP Securitized Notes	Nov. 2010	Nov. 2040		—			262,386		N/A
Total securitized debt				4,041,592			3,573,208
Bonds – fixed rate:
5.25% Senior Notes	Oct. 2012	Jan. 2023		1,649,969			1,649,969		5.3	%
2012 Secured Notes	Dec. 2012	2017/2023	^(h)	1,500,000			1,500,000		3.4	%
4.875% Senior Notes	Apr. 2014	Apr. 2022		846,522			846,062		4.9	%
Total bonds				3,996,491			3,996,031
Other:
Capital leases and other obligations	Various	Various	^(g)	209,765			175,175		Various		^(g)
Total debt and other obligations				12,249,238			11,920,861
Less: current maturities and short-term debt and other current obligations				106,219			113,335
Non-current portion of long-term debt and other long-term obligations				$	12,143,019		$	11,807,526


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


(b)	As of December 31, 2015, the undrawn availability under the senior secured revolving credit facility ("2012 Revolver") was $1.2 billion. See note 19.

(c)

The 2012 Revolver and tranche A term loans ("Tranche A Term Loans"), including the Incremental Tranche A Term Loans (as defined below) bear interest at a rate per annum equal to LIBOR plus a credit spread ranging from 1.5% to 2.25%, based on the CCOC total net leverage ratio. The Company pays a commitment fee of approximately 0.25% per annum on the undrawn available amount under the 2012 Revolver.


(d)	The Tranche B Term Loans, including the Incremental Tranche B Term Loans and the Incremental Tranche B-2 Term Loans (defined below), bear interest at a rate per annum equal to LIBOR plus a credit spread range from 2.25% to 2.50%, based on CCOC's total net leverage ratio (with LIBOR subject to a floor of 0.75% per annum).

(e)

If the respective series of the January 2010 Tower Revenue Notes, August 2010 Tower Revenue Notes and May 2015 Tower Revenue Notes (collectively, "Tower Revenue Notes") are not paid in full on or prior to an applicable anticipated repayment 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 class of the Tower Revenue Notes, and additional interest (of an additional approximately 5% per annum) will accrue on the respective Tower Revenue Notes. The January 2010 Tower Revenue Notes consist of two series of notes with principal amounts of $350.0 million and $1.3 billion, having anticipated repayment dates in 2017 and 2020, respectively. The August 2010 Tower Revenue Notes consist of two series of notes with principal amounts of $300.0 million and $1.0 billion, having anticipated repayment dates in 2017 and 2020, respectively. The May 2015 Tower Revenue Notes consist of two series of notes with principal amounts of $300.0 million and $700.0 million, having anticipated repayment dates in 2022 and 2025, respectively.


(f)	The 2009 Securitized Notes consist of $71.6 million of principal as of December 31, 2015 that amortizes through 2019, and $70.0 million of principal as of December 31, 2015 that amortizes during the period beginning in 2019 and ending in 2029.


(g)	The Company's capital leases and other obligations relate to land, fiber, vehicles, and other assets and bear interest rates ranging up to 10% and mature in periods ranging from less than one year to approximately 30 years.


(h)	Consists of $500.0 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

Schedule of Maturities of Long-term Debt

Notes.

Contractual Maturities

The following are the scheduled contractual maturities of the total debt or other long-term obligations outstanding at December 31, 2015. 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. If the Tower Revenue Notes are not paid in full on or prior to their respective anticipated repayment dates, 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. See also note 19.



	Years Ending December 31,
	2016		2017		2018		2019		2020		Thereafter		Total Cash Obligations		Net Unamortized Discounts			Total Debt and Other Obligations Outstanding
Scheduled contractual maturities	$	107,075	$	603,316	$	99,855	$	1,713,463	$	47,464	$	9,681,543	$	12,252,716	$	(3,478	)	$	12,249,238

Schedule of Extinguishment of Debt

Debt Purchases and Redemptions

The following is a summary of the purchases and redemptions of debt during the years ended December 31, 2015, 2014, and 2013.



	Year Ending December 31, 2015
	Principal Amount		Cash Paid^(a)		Gains (losses)^(b)
August 2010 Tower Revenue Notes	250,000		250,000		(159		)
WCP Securitized Notes	252,830		252,830		2,105
Tranche B Term Loans	564,137		564,137		(6,127		)
Other	2,394		2,370		24
Total	$	1,069,361	$	1,069,337	$	(4,157	)


(a)	Exclusive of accrued interest.


(b)	Inclusive of $4.2 million related to the net write off of deferred financing costs, premiums and discounts.



	Year Ending December 31, 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 predominately 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.



	Year Ending December 31, 2013
	Principal Amount		Cash Paid^(a)		Gains (losses)^(c)
9% Senior Notes	314,170		332,045		(17,894		)
7.75% Secured Notes^(b)	294,362		312,465		(18,103		)
5.25% Senior Notes	30		30		—
Tranche A Term Loans	87,489		87,489		(399		)
Tranche B Term Loans	30,941		30,941		(490		)
Other	—		—		(241		)
Total	$	726,992	$	762,970	$	(37,127	)


(a)	Exclusive of accrued interest.


(b)	The redemption of the 7.75% Secured Notes was funded by the release of restricted cash.


(c)	The losses predominately relate to cash losses, including make whole payments.