US cableco Mediacom Communications Corporation has agreed a US$600m eight-year term loan facility to refinance debt.
The offering was upsized from an initial US$450m and priced at par. It carries interest at Libor plus 2.5%, subject to a Libor floor of…
US cableco Mediacom Communications Corporation has agreed a US$600m eight-year term loan facility to refinance debt.
The offering was upsized from an initial US$450m and priced at par. It carries interest at Libor plus 2.5%, subject to a Libor floor of 0.75%.
JP Morgan and BofA Merrill Lynch were joint lead bookrunners on the transaction. Wells Fargo, SunTrust, Credit Suisse, Citigroup and Natixis were also bookrunners.
Mediacom, which issued the notes through subsidiary Mediacom Broadband, has used the proceeds to repay another US$583.5m loan due 2017 in its entirety.
The cableco describes itself as the eighth largest in the US. It focuses on the Midwest and Southeast of the country, where it provides internet, television and telephony.