New Issue-Mediacom LLC sells $350 mln in senior notes

Tue Aug 11, 2009 5:31pm EDT
 
[-] Text [+]
  Aug 11 (Reuters) - Mediacom LLC, a unit of Mediacom
Communications Corp (MCCC.O), on Tuesday sold $350 million of
senior notes in the 144a private placement market, said IFR, a
Thomson Reuters service.
  The size of the deal was increased from an originally
planned $300 million.
  JP Morgan, Bank of America Merrill Lynch, Wells Fargo,
Citigroup, Credit Suisse, and SunTrust were the joint
bookrunning managers for the sale.
BORROWER: MEDIACOM LLC
AMT $350 MLN      COUPON 9.125 PCT    MATURITY 8/15/2019 
TYPE SR NOTES     ISS PRICE 97.622    FIRST PAY 2/15/2010
MOODY'S B3        YIELD 9.50 PCT      SETTLEMENT 8/25/2009
S&P B-MINUS       SPREAD 581 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 5 YEARS*
*MAKE-WHOLE CALL 50 BPS

 

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