XML 45 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Tables)
 9 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Debt, Excluding Film Obligations and Production Loans
Total debt of the Company, excluding film obligations and production loans, was as follows as of December 31, 2017 and March 31, 2017:

 
December 31,
2017
 
March 31,
2017
 
(Amounts in millions)
Corporate debt:
 
 
 
Revolving Credit Facility
$
—

 
$
—

Term Loan A
950.0

 
987.5

Term Loan B-1/ Term Loan B(1)
825.0

 
1,600.0

5.875% Senior Notes
520.0

 
520.0

Total corporate debt
2,295.0

 
3,107.5

Convertible senior subordinated notes(2)
60.0

 
60.0

Capital lease obligations
52.1

 
57.7

Total debt
2,407.1

 
3,225.2

Unamortized discount and debt issuance costs, net of fair value adjustment on capital lease obligations
(66.8
)
 
(100.3
)
Total debt, net
2,340.3

 
3,124.9

Less current portion
(57.3
)
 
(77.9
)
Non-current portion of debt
$
2,283.0

 
$
3,047.0


_____________________
(1)
As of March 31, 2017, amounts were outstanding under the previous Term Loan B facility, as defined below.
(2)
Represents 1.25% convertible senior subordinated notes due April 2018, with a conversion price of $29.19 per share of each Class A voting shares and Class B non-voting shares at December 31, 2017.
Schedule of Debt Issuance and Repayment Costs
The table below sets forth the applicable costs associated with the refinancing of the Term Loan B:

 
Total
 
Amortize Over Life of Term Loan B-1
 
Loss on Extinguishment of Debt
Term Loan B Refinancing:
(Amounts in millions)
Previously incurred unamortized discount and debt issuance costs of Term Loan B
$
23.8

 
$
20.9

 
$
2.9

New costs incurred to issue the Term Loan B-1
1.6

 
0.1

 
1.5

Total
$
25.4

 
$
21.0

 
$
4.4
Schedule of Loss on Extinguishment of Debt
The following table sets forth the loss on extinguishment of debt recorded in the three and nine months ended December 31, 2017:

 
Three Months Ended
 
Nine Months Ended
 
December 31, 2017
 
(Amounts in millions)
Loss on Extinguishment of Debt
 
 
 
Term Loan B refinancing
$
4.4

 
$
4.4

Other voluntary prepayments of Term Loan B/Term Loan B-1
1.8

 
19.8

 
$
6.2

 
$
24.2
Schedule of Interest Expense
The table below sets forth the composition of the Company’s interest expense for the three and nine months ended December 31, 2017 and 2016:

 
Three Months Ended
 
Nine Months Ended
 
December 31,
 
December 31,
 
2017
 
2016
 
2017
 
2016
 
(Amounts in millions)
Interest expense
 
 
 
 
 
 
 
Cash interest
$
28.3

 
$
24.0

 
$
94.7

 
$
50.4

Amortization of debt discount and financing costs
3.6

 
3.4

 
11.0

 
8.1

 
31.9

 
27.4

 
105.7

 
58.5

Interest on dissenting shareholders' liability (see Note 2)
14.4

 
—

 
41.6

 
—

Total interest expense
$
46.3

 
$
27.4

 
$
147.3

 
$
58.5