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Published on 4/14/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Rainbow National Services calls all $300 million 8¾% notes due 2012

By Toni Weeks

San Diego, April 14 - Rainbow National Services LLC has issued a call to fully redeem its $300 million of 8¾% notes due Sept. 1, 2012, according to a company announcement.

The bonds will be redeemed on May 13 at par plus accrued interest.

The agent is the Bank of New York Mellon Trust Co., NA (800 254-2826).

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


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