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Debt
6 Months Ended
Jun. 30, 2012
Debt [Abstract]  
Debt

Note 5. Debt

Long-term debt consists of:

    June 30,   December 31,
    2012   2011
Credit facility debt: (a)        
Term A Facility $ 975,665 $ 1,025,065
Term B Facility   577,565   579,781
Senior notes   686,917   686,434
    2,240,147   2,291,280
Less: current portion   5,950   5,950
Total $ 2,234,197 $ 2,285,330

 

(a) The Company's $500,000 revolving credit facility remains undrawn at June 30, 2012. Total undrawn revolver commitments are available to be drawn for general corporate purposes of the Company.

In March 2012, the Company voluntarily prepaid $50,000 under the Term A Facility. In July 2012, the Company voluntarily prepaid an additional $50,000 of the outstanding balance under the Term A Facility. These voluntary prepayments were applied to the earliest required quarterly installments due, and were in addition to the regularly scheduled quarterly principal payments made under the Term B Facility. As a result of these voluntary prepayments, the next required quarterly installment under the Term A Facility will be due on September 30, 2014 in the amount of $11,875. The Company wrote-off $312 of deferred financing costs associated with the voluntary prepayment that was made during the six months ended June 30, 2012.

     Pursuant to a registration rights agreement, dated as of June 30, 2011, among AMC Networks, the Subsidiary Guarantors (as defined in the agreement) and the initial purchasers of the $700,000 of AMC Networks 7.75% Senior Notes due July 15, 2021 (the "Notes"), AMC Networks filed a registration statement with the SEC on April 24, 2012 with respect to an offer to exchange the Notes for registered notes (the "Exchange Offer") with terms identical in all material respects to the Notes except that the registered notes do not contain terms that provide for restrictions on transfer (the "Registered Notes"), which was declared effective by the SEC on June 7, 2012. On July 10, 2012, the Exchange Offer was completed and all of AMC Networks' original Notes were exchanged for Registered Notes.