Rainbow National Services pays down $20 million revolver borrowings

By Sara Rosenberg

New York, Feb. 18 - Rainbow National Services LLC repaid $20 million of borrowings under its revolving credit facility this year, according to an 8-K filed by parent company Cablevision Systems Corp. with the Securities and Exchange Commission on Friday.

Rainbow is the owner of 24-hour entertainment services operated as integral parts of Cablevision, a Bethpage, N.Y.-based telecommunications, media and entertainment company.

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