Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mediacom LLC > News item |
Mediacom readies launch of $500 million term loan for Thursday
By Sara Rosenberg
New York, Jan. 10 – Mediacom LLC will hold a lender call on Thursday to launch a $500 million seven-year term loan, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
The term loan is talked at Libor plus 250 basis points with a 0.75% Libor floor and an original issue discount of 99.5, the source said.
Included in the term loan is 101 soft call protection for six months.
Proceeds will be used to refinance an existing term loan F and repay notes.
Mediacom is a Mediacom Park, N.Y.-based cable operator.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.