CSC Holdings tenders for up to $500 million of 7 5/8%, 6¾% notes

By Jennifer Chiou

New York, Sept. 9 - Cablevision Systems Corp. announced that its subsidiary, CSC Holdings, Inc., has launched a tender offer for up to $500 million total of its $1 billion of 7 5/8% senior notes due 2011 and $500 million of 6¾% senior notes due 2012.

The offer will expire at 11:59 p.m. ET on Oct. 6.

For each $1,000 principal amount, the company will pay $1,050 for the 7 5/8% notes and $1,046.25 for the 6¾% notes, both including a $30.00 early tender premium for those who tender by 5 p.m. ET on Sept. 22.

The notes are listed in priority acceptance order.

The company will also pay accrued interest to the settlement date.

The dealer managers are Bank of America Merrill Lynch (888 292-0700 or call collect 646 855-3401), Citigroup Global Markets Inc. (800 558-3745 or call collect 212 723-6106) and Credit Suisse Securities (USA) LLC (800 820-1653 or call collect 212 538-1862). MacKenzie Partners (800 322-2885 or collect 212 929-5500) is the information agent.

The issuer is a Bethpage, N.Y.-based media and entertainment company.

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