Cablevision Systems Corporation has priced a US$750m offering of senior notes.
The notes carry a coupon of 5.875% and mature in 2022. Further details were not released by the company.
Cablevision said it will use the proceeds to address its upcoming…
Cablevision Systems Corporation has priced a US$750m offering of senior notes.
The notes carry a coupon of 5.875% and mature in 2022. Further details were not released by the company.
Cablevision said it will use the proceeds to address its upcoming debt maturities through CSC Holdings LLC. The US cableco will make a tender offer of US$600m for its 8.50% senior notes due 2015 and 8.50% senior notes due 2014, repay US$150m of its term loan B-2, and use remaining proceeds for general corporate purposes.
BofA Merrill Lynch, Barclays Capital, BNP Paribas, Credit Agricole, Deutsche Bank, Goldman Sachs, Guggenheim, J.P. Morgan, Natixis, Nomura, RBC Capital Markets, SunTrust, UBS and U.S. Bancorp Investments are joint book-runners for the offering.
