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DEBT (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Credit Facility Debt
The following table provides details of the Company's outstanding credit facility debt:
 
 
 
Interest
Rate at
 
Amounts Payable
on or prior to
 
Carrying Value at
 
Maturity
Date
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
 
December 31, 2014
Restricted Group:
 
 
 
 
 
 
 
 
 
Revolving loan facility (a)
April 17, 2018
 
 
$

 
$

 
$

Term A loan facility
April 17, 2018
 
2.17%
 
71,888

 
886,621

 
934,547

Term B loan facility (b)
April 17, 2020
 
2.92%
 
11,888

 
1,155,321

 
1,366,102

Restricted Group credit facility debt
 
83,776

 
2,041,942

 
2,300,649

Newsday:
 
 
 
 
 

 
 

 
 

Floating rate term loan facility
October 12, 2016
 
3.92%
 
480,000

 
480,000

 
480,000

Total credit facility debt
 
$
563,776

 
$
2,521,942

 
$
2,780,649

 
(a)
At December 31, 2015, $71,686 of the Restricted Group revolving loan facility was restricted for certain letters of credit issued on behalf of CSC Holdings and $1,428,314 of the Restricted Group revolving loan facility was undrawn and available, subject to covenant limitations, to be drawn to meet the net funding and investment requirements of the Restricted Group.
(b)
The unamortized discount related to the Term B loan facility amounted to $3,712 and $5,326 at December 31, 2015 and 2014, respectively.
Senior Notes and Debentures
The following table summarizes the Company's senior notes and debentures:
 
 
 
 
 
 
Interest
 
Principal
 
Carrying Amount at
December 31,
Issuer
 
Date Issued
 
Maturity Date
 
Rate
 
Amount
 
2015
 
2014
CSC Holdings (a)(c)
 
February 6, 1998
 
February 15, 2018
 
7.875
%
 
300,000

 
$
299,635

 
$
299,464

CSC Holdings (a)(c)
 
July 21, 1998
 
July 15, 2018
 
7.625
%
 
500,000

 
499,937

 
499,912

CSC Holdings (b)(c)
 
February 12, 2009
 
February 15, 2019
 
8.625
%
 
526,000

 
515,520

 
512,750

CSC Holdings (b)
 
November 15, 2011
 
November 15, 2021
 
6.750
%
 
1,000,000

 
1,000,000

 
1,000,000

CSC Holdings (b)
 
May 23, 2014
 
June 1, 2024
 
5.250
%
 
750,000

 
750,000

 
750,000

 
 
 
 
 
 
 
 
 
 
3,065,092

 
3,062,126

Cablevision (b)(c)
 
September 23, 2009
 
September 15, 2017
 
8.625
%
 
900,000

 
896,526

 
894,717

Cablevision (b)
 
April 15, 2010
 
April 15, 2018
 
7.750
%
 
750,000

 
750,000

 
750,000

Cablevision (b)
 
April 15, 2010
 
April 15, 2020
 
8.000
%
 
500,000

 
500,000

 
500,000

Cablevision (b)
 
September 27, 2012
 
September 15, 2022
 
5.875
%
 
649,024

 
649,024

 
649,024

 
 
 
 
 
 
 
 
 
 
$
5,860,642

 
$
5,855,867

 
(a)
The debentures are not redeemable by the Company prior to maturity.
(b)
The Company may redeem some or all of the notes at any time at a specified "make-whole" price plus accrued and unpaid interest to the redemption date.
(c)
The carrying amount of the senior notes is net of the unamortized original issue discount.
Summary of Debt Maturities
Total amounts payable by the Company under its various debt obligations outstanding as of December 31, 2015, including notes payable, collateralized indebtedness (see Note 10), and capital leases, during the next five years and thereafter, are as follows:
Years Ending December 31,
Cablevision (a)
 
CSC Holdings
2016
$
1,014,014

 
$
1,014,014

2017
1,797,914

 
897,914

2018
2,288,575

 
1,538,575

2019
540,141

 
540,141

2020
1,612,844

 
1,112,844

Thereafter
2,399,024

 
1,750,000

 
(a)
Excludes the Cablevision senior notes held by Newsday Holdings.