Mediacom Communications Corp.(MCCC) said it closed $650 million financing for Mediacom LLC, one of its two principal operating subsidiaries.
The financing consisted of $350 million of 9?% Senior Notes due 2019 and an incremental senior secured term loan facility of $300 million maturing in 2017.
The net proceeds of the 9?% Senior Notes will be utilized for the purchase by Mediacom LLC of both its 91/2% Senior Notes due 2013 and 7?% Senior Notes due 2011, which are subject to ongoing tender offers.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.