Mediacom has completed its previously reported sale of US$300m senior unsecured 6.375% notes maturing in 2023.
The cableco first announced the offering on August 15 saying the proceeds would be used to purchase a portion of up to US$300m of its 8.5%…
Mediacom has completed its previously reported sale of US$300m senior unsecured 6.375% notes maturing in 2023.
The cableco first announced the offering on August 15 saying the proceeds would be used to purchase a portion of up to US$300m of its 8.5% notes due 2015.
The company said it currently has US$500m outstanding on the 2015 notes.
JP Morgan, Bank of America Merrill Lynch, Wells Fargo, Deutsche Bank, SunTrust, Credit Suisse, RBC Capital Markets, and Citigroup were the joint bookrunning managers for the sale.
Moody’s rated the bonds B3 while S&P assigned B-.
Mediacom offers a variety of services via cable including broadband, TV and fixed-line telephone services. It operates predominantly in the Midwest and Southeast of the US.
