v3.7.0.1
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2016
CORPORATE BORROWINGS AND CAPITAL AND FINANCING LEASE OBLIGATIONS  
Summary of the carrying value of corporate borrowings and capital and financing lease obligations

 

 

 

 

 

 

 

 

(In thousands)

    

December 31, 2016

    

December 31, 2015

 

Senior Secured Credit Facility-Term Loan due 2022 (3.40% as of December 31, 2016)

 

$

871,819

 

$

880,625

 

Senior Secured Credit Facility-Term Loan due 2023 (3.51% as of December 31, 2016)

 

 

500,000

 

 

 —

 

Senior Secured Credit Facility-Revolving Credit Facility due 2020 (2.8445% as of December 31, 2015)

 

 

 —

 

 

75,000

 

Bridge Loan Agreement due 2017 (7.0% as of December 31, 2016)

 

 

350,000

 

 

 —

 

5% Promissory Note payable to NCM due 2019

 

 

4,166

 

 

5,555

 

5.875% Senior Subordinated Notes due 2022

 

 

375,000

 

 

375,000

 

6.0% Senior Secured Notes due 2023

 

 

230,000

 

 

 —

 

6.375% Senior Subordinated Notes due 2024 (£250,000,000 par value)

 

 

308,413

 

 

 —

 

5.75% Senior Subordinated Notes due 2025

 

 

600,000

 

 

600,000

 

5.875% Senior Subordinated Notes due 2026

 

 

595,000

 

 

 —

 

Capital and financing lease obligations, 5.75% - 11.5%

 

 

675,407

 

 

101,864

 

Deferred charges

 

 

(82,855)

 

 

(21,768)

 

Premiums and (discounts)

 

 

9,407

 

 

(1,619)

 

 

 

 

4,436,357

 

 

2,014,657

 

Less: current maturities

 

 

(81,243)

 

 

(18,786)

 

 

 

$

4,355,114

 

$

1,995,871

 

 

Schedule of minimum annual payments required under existing capital and financing lease obligations (net present value thereof) and maturities of corporate borrowings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal

 

 

 

 

 

 

 

Capital and Financing Lease Obligations

 

Amount of

 

 

 

 

 

 

 

Minimum Lease

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

(In thousands)

    

Payments

    

Less Interest

    

Principal

    

Borrowings

 

    

Total

 

2017

 

$

106,616

 

$

40,568

 

$

66,048

 

$

365,195

(1)

 

$

431,243

 

2018

 

 

106,164

 

 

36,927

 

 

69,237

 

 

15,195

 

 

 

84,432

 

2019

 

 

99,234

 

 

32,563

 

 

66,671

 

 

15,195

 

 

 

81,866

 

2020

 

 

94,590

 

 

28,273

 

 

66,317

 

 

13,806

 

 

 

80,123

 

2021

 

 

85,182

 

 

24,084

 

 

61,098

 

 

13,806

 

 

 

74,904

 

Thereafter

 

 

456,266

 

 

110,230

 

 

346,036

 

 

3,411,201

 

 

 

3,757,237

 

Total

 

$

948,052

 

$

272,645

 

$

675,407

 

$

3,834,398

 

 

$

4,509,805

 


(1)

Includes repayment of $350,000,000 Bridge Loan Agreement on a long-term basis with proceeds from the sale of Class A common stock in February 2017.