XML 35 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2015
Schedule of Long-Term Debt
NOTE 3 – LONG-TERM DEBT
Long-term debt at March 31, 2015 and December 31, 2014 consisted of the following:
(In thousands)March 31,December 31,
20152014
Senior Secured Credit Facilities(1) $6,300,000 $7,231,222
Receivables Based Credit Facility Due 2017 120,000 -
9.0% Priority Guarantee Notes Due 2019 1,999,815 1,999,815
9.0% Priority Guarantee Notes Due 2021 1,750,000 1,750,000
11.25% Priority Guarantee Notes Due 2021 575,000 575,000
9.0% Priority Guarantee Notes Due 2022 1,000,000 1,000,000
10.625% Priority Guarantee Notes Due 2023 950,000 -
Subsidiary Revolving Credit Facility Due 2018 - -
Other Secured Subsidiary Debt(2) 16,729 19,257
Total Consolidated Secured Debt 12,711,544 12,575,294
14.0% Senior Notes Due 2021 1,678,314 1,661,697
iHeartCommunications Legacy Notes(3) 667,900 667,900
10.0% Senior Notes Due 2018 730,000 730,000
Subsidiary Senior Notes due 2022 2,725,000 2,725,000
Subsidiary Senior Subordinated Notes due 2020 2,200,000 2,200,000
Other Subsidiary Debt 467 1,024
Purchase accounting adjustments and original issue discount (227,186) (234,897)
Total debt 20,486,039 20,326,018
Less: current portion 2,844 3,604
Total long-term debt$ 20,483,195 $ 20,322,414
(1)Term Loan D and Term Loan E mature in 2019.
(2)Other secured subsidiary debt matures at various dates from 2015 through 2025.
(3)iHeartCommunications’ Legacy Notes, all of which were issued prior to the acquisition by us, consist of Senior Notes maturing at various dates from 2016 through 2027.