News Column

Cequel Announces Commencement of Private $500 Million Debt Offering

September 4, 2014

ST. LOUIS, September 4, 2014 -- Cequel Communications Holdings I, LLC ("Cequel") and its subsidiary co-issuer, Cequel Capital Corporation ("Cequel Capital" and, together with Cequel, the "Issuers"), announced today that they intend to commence a private offering to eligible purchasers, subject to market and other conditions, of $500 million aggregate principal amount of 5.125% Senior Notes due 2021 (the "Notes").  On May 16, 2013, the Issuers issued $750 million aggregate principal amount of 5.125% Senior Notes due 2021 (the "5.125% Notes"). The Notes will form a part of the same series as the 5.125% Notes. The Notes are being offered only to qualified institutional investors pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States in compliance with Regulation S under the Securities Act. The Issuers expect to use the proceeds from the sale of the Notes as well as cash on hand to (i) make a distribution in the amount of $600 million to holders of equity interests in Cequel Corporation concurrently with the closing of the offering of the Notes and (ii) pay related costs, fees and expenses. The Notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Forward looking statements, which are based on management's current expectations, are generally identifiable by the use of terms such as "may," "will," "expects," "believes," "intends," "anticipates" and similar expressions. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and Cequel undertakes no duty to update this information. Cequel Contact Information Mary Meduski Chief Financial Officer 314-315-9603 mary.meduski@suddenlink.comRalph Kelly Senior Vice President, Treasurer 314-315-9403 ralph.kelly@suddenlink.comMike Pflantz Senior Vice President, Corporate Finance 314-315-9341 This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cequel Communications Holdings I, LLC via GlobeNewswire [HUG#1853672]

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Source: Thomson Reuters ONE

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