Mediacom borrows all funds under $300 million incremental term loan

By Sara Rosenberg

New York, Sept. 24 - Mediacom LLC drew down its $300 million incremental term loan in full on Thursday, according to an 8-K filed with the Securities and Exchange Commission.

The funds were used for the redemption of the company's 9½% and 7 7/8% senior notes, to repay some revolver borrowings and for general corporate purposes.

The company obtained the incremental loan on Aug. 25.

Mediacom is a Middletown, N.Y.-based cable company.

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