Debt (Tables)

6 Months Ended

Sep. 30, 2019

Debt, Excluding Film Obligations and Production Loans

Total debt of the Company, excluding film obligations and production loans, was as follows as of September 30, 2019 and March 31, 2019:



	September 30, 2019			March 31, 2019
	(Amounts in millions)
Corporate debt:
Revolving Credit Facility	$	—		$	—
Term Loan A⁽¹⁾	731.3			750.0
Term Loan B⁽¹⁾	1,101.3			1,107.5
5.875% Senior Notes	520.0			520.0
6.375% Senior Notes	550.0			550.0
Total corporate debt	2,902.6			2,927.5
Finance lease obligations	43.9			45.4
Total debt	2,946.5			2,972.9
Unamortized debt issuance costs, net of fair value adjustment on finance lease obligations	(60.6		)	(68.5		)
Total debt, net	2,885.9			2,904.4
Less current portion	(61.2		)	(53.6		)
Non-current portion of debt	$	2,824.7		$	2,850.8

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(1)

To manage interest rate risk on certain of its LIBOR-based floating-rate corporate debt, as of September 30, 2019, the Company has entered into interest rate swaps to effectively convert the floating interest rates to fixed interest rates on a $1.7 billion notional amount, which as of September 30, 2019 converts the effective rate on our LIBOR-based corporate debt to 4.859% (see Note 17 for further information).

Schedule of Interest Expense

The table below sets forth the composition of the Company’s interest expense for the three and six months ended September 30, 2019 and 2018:



	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
	(Amounts in millions)
Interest expense
Cash interest	$	44.3	$	35.8	$	89.5	$	68.2
Amortization of debt financing costs	3.7		3.0		7.5		6.0
	48.0		38.8		97.0		74.2
Interest on dissenting shareholders' liability⁽¹⁾	—		16.7		—		32.6
Total interest expense	$	48.0	$	55.5	$	97.0	$	106.8

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(1)

Represents interest accrued in connection with the previously outstanding dissenting shareholders' liability associated with the Starz merger.