Item 8.01 Other Events.
On August 25, 2009, Mediacom LLC and Mediacom Capital Corporation
(collectively, the "Issuers") and Law Debenture Trust Company of New York, as
trustee entered into an Indenture in connection with the issuance and sale by
the Issuers of $350.0 million aggregate principal amount of their 9.125% Senior
Notes due 2019. Mediacom LLC is a wholly-owned subsidiary of Mediacom
Communications Corporation and Mediacom Capital Corporation is a wholly-owned
subsidiary of Mediacom LLC.
The operating subsidiaries of Mediacom LLC have a bank credit facility (the
"credit facility") that consists of a revolving credit commitment and two term
loans. On August 25, 2009, the operating subsidiaries of Mediacom LLC entered
into an incremental facility agreement that provides for a new term loan under
the credit facility in the principal amount of $300.0 million (the "new term
loan"). The new term loan will be funded on September 24, 2009.
On August 25, 2009, we announced the completion of $650 million of these
Senior Notes and term loan financings for Mediacom LLC. A copy of the press
release is being furnished as Exhibit 99.1 to this report and incorporated
herein by reference.
On August 25, 2009, we, Mediacom LLC and Mediacom Capital Corporation
announced that Mediacom LLC and Mediacom Capital Corporation have early accepted
all 91/2% Senior Notes due 2013 and 77/8% Senior Notes due 2011 tendered in the
tender offers for those Notes as of 5:00 p.m., New York City time, on August 24,
2009, which was the Early Tender Date for the tender offers. As of the Early
Tender Date, holders of $385.2 million aggregate principal amount of 91/2% Notes
and $63.6 million aggregate principal amount of 77/8% Notes had validly tendered
(and not withdrawn) their Notes. A copy of the press release is being furnished
as Exhibit 99.2 to this report and incorporated herein by reference
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired - None
(b) Pro Forma Financial Information - None
(c) Shell Company Transactions - None
(d) Exhibits:
Exhibit No. Description
99.1 Senior note and term loan press release issued on August 25, 2009
99.2 Tender offer press release issued on August 25, 2009
|