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Long-term Debt (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Schedule of Long-term Debt

Long-term debt consists of the following at September 30, 2012 and December 31, 2011:

 

     September 30,
2012
    December 31,
2011
 

Senior Credit Facility

   $ 702,164      $ 595,477   

7 7/8% Senior Subordinated Notes

     400,000        400,000   

6 5/8% Senior Subordinated Notes

     —          381,290   

6 5/8% Senior Subordinated Notes — Series B

     35,068        191,544   

6 5/8% Senior Subordinated Notes — Series C

     98,837        256,040   

5 7/8% Senior Subordinated Notes

     500,000        —     

9 3/4% Senior Notes

     337,140        331,553   

Other notes with various rates and terms

     2,399        2,624   
  

 

 

   

 

 

 
     2,075,608        2,158,528   

Less current maturities

     (35,653     (17,310
  

 

 

   

 

 

 

Long-term debt, excluding current maturities

   $ 2,039,955      $ 2,141,218   
  

 

 

   

 

 

 

Long-term debt consists of the following at December 31, 2011 and 2010:

 

 

     2011     2010  

Senior Credit Agreement

   $ 595,477      $ 808,875   

7 7/8% Senior Subordinated Notes

     400,000        400,000   

6 5/8% Senior Subordinated Notes

     381,290        400,000   

6 5/8% Senior Subordinated Notes — Series B

     191,544        206,689   

6 5/8% Senior Subordinated Notes — Series C

     256,040        265,672   

9 3/4% Senior Notes

     331,553        324,866   

Other notes with various rates and terms

     2,624        3,038   
  

 

 

   

 

 

 
     2,158,528        2,409,140   

Less current maturities

     (17,310     (5,694
  

 

 

   

 

 

 

Long-term debt, excluding current maturities

   $ 2,141,218      $ 2,403,446   
  

 

 

   

 

 

 
Long-term Debt Matures  

Long-term debt matures as follows:

 

 

2012

   $ 17,310   

2013

   $ 33,735   

2014

   $ 387,808   

2015

   $ 1,012,595   

2016

   $ 307,087   

Later years

   $ 399,993   
Remaining Quarterly Amortization of Term Facilities

The remaining quarterly amortizations of the Term facilities as of September 30, 2012 is as follows:

 

     Term A-1      Term A-2      Term A-3      Term B  

December 31, 2012

   $ 6,750       $ 750       $ —         $ 813.2   

March 31, 2013 — March 31, 2014

   $ 6,750       $ 750       $ 625       $ 813.2   

June 30, 2014 — December 31, 2014

   $ 13,500       $ 1,500       $ 625       $ 813.2   

March 31, 2015

   $ 13,500       $ 1,500       $ 1,250       $ 813.2   

June 30, 2015 — September 30, 2015

   $ 37,125       $ 4,125       $ 1,250       $ 813.2   

December 31, 2015

   $ 74,250       $ 8,250       $ 1,250       $ 813.2   

March 31, 2016 — September 30, 2016

   $ —         $ —         $ 1,250       $ 813.2   

December 31, 2016

   $ —         $ —         $ 1,250       $ 304,151.9   

March 31, 2017— June 30, 2017

   $ —         $ —         $ 21,250       $ —     

August 9, 2017

   $ —         $ —         $ 42,500       $ —     

The remaining quarterly amortizations of the Term facilities as of December 31, 2011 is as follows:

 

 

     Term A-1      Term A-2      Term B  

September 30, 2012 — March 31, 2014

   $ 6,750       $ 750       $ 813.2   

June 30, 2014 — March 30, 2015

   $ 13,500       $ 1,500       $ 813.2   

June 30, 2015 — September 30, 2015

   $ 37,125       $ 4,125       $ 813.2   

December 31, 2015

   $ 74,250       $ 8,250       $ 813.2   

March 31, 2016 — September 30, 2016

   $ —         $ —         $ 813.2   

December 31, 2016

   $ —         $ —         $ 304,151.9   
LAMAR MEDIA CORP
   
Schedule of Long-term Debt  

Long-term debt consists of the following at December 31, 2011 and 2010:

 

 

     2011     2010  

Senior Credit Agreement

   $ 595,477      $ 808,875   

7 7/8% Senior Subordinated Notes

     400,000        400,000   

6 5/8% Senior Subordinated Notes

     381,290        400,000   

6 5/8% Senior Subordinated Notes — Series B

     191,544        206,689   

6 5/8% Senior Subordinated Notes — Series C

     256,040        265,672   

9 3/4% Senior Notes

     331,553        324,866   

Other notes with various rates and terms

     2,624        3,038   
  

 

 

   

 

 

 
     2,158,528        2,409,140   

Less current maturities

     (17,310     (5,694
  

 

 

   

 

 

 

Long-term debt excluding current maturities

   $ 2,141,218      $ 2,403,446   
  

 

 

   

 

 

 
Long-term Debt Matures  

Long-term debt matures as follows:

 

 

2012

   $ 17,310   

2013

   $ 33,735   

2014

   $ 387,808   

2015

   $ 1,012,595   

2016

   $ 307,087   

Later years

   $ 399,993