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NOTES PAYABLE (Tables) | 3 Months Ended
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Jun. 30, 2015
Debt Instrument [Line Items] |
Schedule of Notes Payable | Notes payable consisted of the following:
|  | As of June 30, 2015 |  | As of March 31, 2015
(In thousands) |  | Current Portion |  | Long Term Portion |  | Current Portion |  | Long Term Portion
2013 Term Loans, net of debt discount |  | $ | 24,750 |  |  | $ | 29,089 |  |  | $ | 25,125 |  |  | $ | 36,418 |
Prospect Loan |  | — |  |  | 67,449 |  |  | — |  |  | 67,967 |
KBC Facilities |  | 7,649 |  |  | 17,451 |  |  | 7,649 |  |  | 19,361 |
P2 Vendor Note |  | 133 |  |  | 375 |  |  | 125 |  |  | 393 |
P2 Exhibitor Notes |  | 75 |  |  | 167 |  |  | 74 |  |  | 186 |
Total non-recourse notes payable |  | $ | 32,607 |  |  | $ | 114,531 |  |  | $ | 32,973 |  |  | $ | 124,325 |
5.5% Senior Convertible Notes Due 2035 |  | — |  |  | 64,000 |  |  | — |  |  | — |
Cinedigm Term Loans |  | — |  |  | — |  |  | — |  |  | 17,965 |
Cinedigm Revolving Loans |  | 15,127 |  |  | — |  |  | 24,294 |  |  | — |
2013 Notes |  | — |  |  | 3,857 |  |  | — |  |  | 3,785 |
Total recourse notes payable |  | $ | 15,127 |  |  | $ | 67,857 |  |  | $ | 24,294 |  |  | $ | 21,750 |
Total notes payable |  | $ | 47,734 |  |  | $ | 182,388 |  |  | $ | 57,267 |  |  | $ | 146,075 |
Schedule of Credit Facilities | The following table presents a summary of the KBC Facilities (dollar amounts in thousands):
|  |  |  |  |  |  |  | Outstanding Principal Balance
Facility 1 |  | Credit Facility |  | Interest Rate 2 |  | Maturity Date |  | As of June 30, 2015 |  | As of March 31, 2015
1 |  |  | 22,336 |  |  | 3.75 | % |  | September 2018 |  | 9,574 |  |  | 10,371 |
2 |  |  | 13,312 |  |  | 3.75 | % |  | September 2018 |  | 6,181 |  |  | 6,656 |
3 |  |  | 11,425 |  |  | 3.75 | % |  | March 2019 |  | 6,120 |  |  | 6,528 |
4 |  |  | 6,450 |  |  | 3.75 | % |  | December 2018 |  | 3,225 |  |  | 3,455 |
|  | $ | 53,523 |  |  |  |  |  |  | 25,100 |  |  | 27,010 |
1. | For each facility, principal is to be repaid in twenty-eight quarterly installments.
2. | Each of the facilities bears interest at the three-month LIBOR rate, which was 0.28% at June 30, 2015, plus the interest rate noted above.
Schedule of Assumptions for Fair Value of Warrant LIabilities |
Risk free interest rate |  | 1.38 | %
Dividend yield |  | — |
Expected life (years) |  | 5 |
Expected volatility |  | 76.25 | %
2013 Term Loans |
Debt Instrument [Line Items] |
Schedule of Debt Outstanding | The balance of the 2013 Term Loans, net of the original issue discount, was as follows:
(In thousands) |  | As of June 30, 2015 |  | As of March 31, 2015
2013 Term Loans, at issuance, net |  | $ | 125,087 |  |  | $ | 125,087 |
Payments to date |  | (71,070 | ) |  | (63,348 | )
Discount on 2013 Term Loans |  | (178 | ) |  | (196 | )
2013 Term Loans, net |  | 53,839 |  |  | 61,543 |
Less current portion |  | (24,750 | ) |  | (25,125 | )
Total long term portion |  | $ | 29,089 |  |  | $ | 36,418 |
2013 Prospect Term Loan Agreement |
Debt Instrument [Line Items] |
Schedule of Debt Outstanding |
(In thousands) |  | As of June 30, 2015 |  | As of March 31, 2015
Prospect Loan, at issuance |  | $ | 70,000 |  |  | $ | 70,000 |
PIK Interest |  | 4,066 |  |  | 3,640 |
Payments to date |  | (6,617 | ) |  | (5,673 | )
Prospect Loan, net |  | 67,449 |  |  | 67,967 |
Less current portion |  | — |  |  | — |
Total long term portion |  | $ | 67,449 |  |  | $ | 67,967 |

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