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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.