Quarterly report pursuant to Section 13 or 15(d)

Debt Borrowings and related LIBOR (Details)

v2.4.0.8
Debt Borrowings and related LIBOR (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Debt Instrument [Line Items]    
Loan Amount $ 1,190.9 $ 1,059.4
Revolving Credit Facility | Revolving Credit Facility
    
Debt Instrument [Line Items]    
Loan Amount 442.0 [1] 306.5 [1]
Starz, LLC | Revolving Credit Facility, Senior Secured, Term Loans | Revolving Credit Facility | September 2014 to October 2014 | London Interbank Offered Rate (LIBOR)
    
Debt Instrument [Line Items]    
Interest Rate (as a percent) 1.9045%  
Loan Amount 35.0  
Starz, LLC | Revolving Credit Facility, Senior Secured, Term Loans | Revolving Credit Facility | September 2014 to October 2014 | London Interbank Offered Rate (LIBOR)
    
Debt Instrument [Line Items]    
Interest Rate (as a percent) 1.9061%  
Loan Amount 86.0  
Starz, LLC | Revolving Credit Facility, Senior Secured, Term Loans | Revolving Credit Facility | September 2014 to October 2014 | London Interbank Offered Rate (LIBOR)
    
Debt Instrument [Line Items]    
Interest Rate (as a percent) 1.9035%  
Loan Amount 312.0  
Starz, LLC | Revolving Credit Facility, Senior Secured, Term Loans | Revolving Credit Facility | September 2014 to October 2014 | London Interbank Offered Rate (LIBOR)
    
Debt Instrument [Line Items]    
Interest Rate (as a percent) 1.9015%  
Loan Amount $ 9.0  
[1] Starz, LLC has entered into a credit agreement that provides for a $1,000.0 million senior secured revolving credit facility with a $50.0 million sub-limit for standby letters of credit (“Revolving Credit Facility”) which matures on November 16, 2016. As of September 30, 2014, $558.0 million of borrowing capacity was available under the Revolving Credit Facility.Interest on each loan under the Revolving Credit Facility is payable at either an alternate base rate or LIBOR at Starz, LLC’s election. Borrowings that are alternate base rate loans bear interest at a per annum rate equal to the alternate base rate plus a margin that varies between 0.5% and 1.5% depending on the consolidated leverage ratio, as defined in the credit agreement. The alternate base rate is the highest of (a) the Prime Rate, (b) the Federal Funds Effective Rate plus ½ of 1.0% or (c) LIBOR for a one-month interest period plus 1.0%. Borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.5% and 2.5% depending on the consolidated leverage ratio. The credit agreement requires Starz, LLC to pay a commitment fee on any unused portion under the Revolving Credit Facility. The commitment fee varies between 0.25% and 0.50%, depending on the consolidated leverage ratio.As of September 30, 2014, the following borrowings and related LIBOR interest rates were outstanding under the Revolving Credit Facility (dollars in millions): LIBOR period:Interest Rate Loan AmountSeptember 2014 to October 20141.9045% $35.0September 2014 to October 20141.9061% 86.0September 2014 to October 20141.9035% 312.0September 2014 to October 20141.9015% 9.0 $442.0The credit agreement contains certain covenants that include restrictions on, among others, incurring additional debt, paying dividends, entering into liens or guarantees, or making certain distributions, investments and other restricted payments. In addition, Starz, LLC must comply with certain financial covenants, including a consolidated leverage ratio, as defined in the agreement. As of September 30, 2014, Starz, LLC was in compliance with all covenants under the credit agreement.