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MEDIACOM LLC FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

June 23, 2014



Item 8.01. Other Events

On June 23, 2014, Mediacom LLC announced that its operating subsidiaries received commitments (the "term loan commitments") for $350 million of senior secured term loans with a final maturity of June 30, 2021 (the "new term loan").

Subject to customary closing conditions, Mediacom LLC intends to complete and draw the new term loan in the third quarter of 2014 and use the net proceeds to fully redeem its existing 9 1/8% senior notes due 2019, which have an aggregate principal amount of $350 million. The new term loan will be made pursuant to the existing bank credit agreement between the operating subsidiaries of Mediacom LLC and the lenders thereto.

The term loan commitments are available until September 16, 2014. Until the new term loan has been completed and funded, a ticking fee will be charged at a rate per annum of: (i) 1.50% of the term loan commitment amount for the period from and including July 18, 2014 to but excluding August 17, 2014; and (ii) 3.75% of the term loan commitments amount for the period from and including August 17, 2014 to but excluding September 16, 2014. If the new term loan has not been completed and funded by September 16, 2014, the new term loan commitments will expire.

A copy of the press release announcing the term loan commitments is being filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits: Exhibit No. Description 99.1 Press release, dated June 23, 2014 1



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Source: Edgar Glimpses