Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v2.4.0.8
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt consists of the following at December 31, 2013 and 2012 (amounts in thousands):

 
2013
 
2012
2021 Notes (a)
$
325,000

 
325,000

2019 Notes (b)
425,000

 
425,000

Senior Credit Facility (c)
261,000

 
90,000

Rural Utilities Service ("RUS") debt (d)
39,425

 
38,997

CoBank Mortgage note payable
—

 
797

Debt
1,050,425

 
879,794

Less unamortized discount paid on the 2019 Notes
2,445

 
2,743

Less current portion of long-term debt
2,836

 
1,928

Long-term debt, net
$
1,045,144

 
875,123

Debt Instrument Redemption
If redeemed during the twelve month period commencing June 1 of the year indicated:
Redemption Price
2016
103.375
%
2017
102.250
%
2018
101.125
%
2019 and thereafter
100.000
%
The 2019 Notes are redeemable at our option, in whole or in part, on not less than thirty days nor more than sixty days notice, at the following redemption prices (expressed as percentages of principle amount), plus accrued and unpaid interest (if any) to the date of redemption:

If redeemed during the twelve month period commencing November 15 of the year indicated:
Redemption Price
2014
104.313
%
2015
102.875
%
2016
101.438
%
2017 and thereafter
100.000
%
Interest Margin
The interest rate on our Amended Senior Credit Facility is London Interbank Offered Rate (“LIBOR”) plus the following Applicable Margin set forth opposite each applicable Total Leverage Ratio below.

    
Total Leverage Ratio (as defined)
Applicable Margin
>=5.5
3.00%
>=5.0 but <5.5
2.75%
>=4.5 but <5.0
2.50%
>=4.0 but <4.5
2.25%
<4.0
2.00%
Schedule of Maturities of Long-term Debt
Maturities of long-term debt as of December 31, 2013 are as follows (amounts in thousands):

Years ending December 31,
 
2014
$
2,836

2015
1,528

2016
1,573

2017
1,620

2018
262,668

2019 and thereafter
780,200

 
1,050,425

Less unamortized discount paid on 2019 Notes
2,445

Less current portion of long-term debt
2,836

 
$
1,045,144