Digital Generation, Inc. - 10-K filing on 2013-03-15

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-term debt is summarized as follows (in thousands):

	December 31, 2012			December 31, 2011

Term loans	$	457,650		$	487,550
Less unamortized discount		(3,732	)		(4,517	)
Revolving loans		—			—

Subtotal		453,918			483,033
Less current portion		(76,950	)		(4,900	)

Long-term portion	$	376,968		$	478,133

Schedule of quarterly principal payments

Fiscal Quarter Ending	Minimum Quarterly Principal Payment (in thousands)

March 31, 2013 and prior	$	1,225
June 30, 2013		8,575
September 30, 2013		8,575
December 31, 2013		8,575
Each quarter thereafter		6,125

Schedule of ECF principal payments as a percentage of consolidated EBITDA

Consolidated Leverage Ratio

Greater than 3.00	75	%
2.25 to 3.00	50	%
1.25 to 2.25	25	%
Less than 1.25	0	%

Schedule of the maximum consolidated leverage ratio and minimum fixed charge coverage ratio under the entity's Amended Credit Facility

Period

March 8, 2013 to June 29, 2014	4.00 to 1.00	1.05 to 1.00
June 30, 2014 to June 29, 2015	3.50 to 1.00	1.10 to 1.00
June 30, 2015 and thereafter	3.25 to 1.00	1.10 to 1.00

Scheduled and estimated excess cash flow principal payments required under the Amended Credit Facility for the next five years

As of December 31, 2012 (taken into account the March 2013 amendment), our scheduled and estimated excess cash flow principal payments required under our Amended Credit Facility for the next five years were as follows (in thousands):

	Principal Payments

Year	Scheduled		Estimated Excess Cash Flow		Total
2013	$	76,950	$	—	$	76,950
2014		24,500		3,800		28,300
2015		24,500		7,500		32,000
2016		24,500		12,700		37,200
2017		24,500		—		24,500