Mediacom Broadband gets $40 million additional revolving commitments

By Tali Rackner

Norfolk, Va., Dec. 9 – Mediacom Broadband LLC said its operating subsidiaries entered into an incremental facility agreement that provided for an additional $40 million of revolving credit commitments under their existing credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Total revolving commitments now amount to $256 million and are scheduled to expire on the earliest of Oct. 10, 2019; 91 days prior to the final maturity of any term loan under the credit facility if $200 million or more remains outstanding under such term loan on that date; or six months before the scheduled maturity date of any affiliated subordinated debt that is then outstanding.

Mediacom is a Mediacom Park, N.Y.-based cable operator.

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