CSC repays credit facilities as Cablevision is acquired by Altice

By Angela McDaniels

Tacoma, Wash., June 21 – CSC Holdings, LLC repaid all of the outstanding debt under its April 17, 2013 credit agreement on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The repayment was made in connection with the acquisition of CSC’s parent company, Cablevision Systems Corp., by Altice NV on Tuesday.

The credit agreement provided for a $935 million term loan A due 2018, a $2.35 billion term loan B due 2020 and a $1.5 billion revolving credit facility due 2018.

In addition, Newsday LLC repaid all of the outstanding debt under its Oct. 12, 2012 credit agreement, which provided for a $480 million term loan due Oct. 12, 2016.

Bank of America, NA was the administrative agent for the CSC credit agreement, and Barclays Bank plc was the administrative agent for the Newsday credit agreement.

CSC Holdings is a Bethpage, N.Y.-based cable operator. Altice is a Luxembourg-based cable, fiber, telecommunications, content and media company.

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