Mediacom repays $82.9 million term loan E, $245.6 million term loan I

By Tali Rackner

Norfolk, Va., May 19 – Mediacom LLC repaid the entire $82.9 million balance of the term loan E under its existing bank credit facility, which was scheduled to mature on Oct. 23, 2017, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The repayment was funded with $82.9 million of borrowings under its existing revolving credit facility.

Also on Thursday, Mediacom made a $75 million cash distribution to parent company Mediacom Communications Corp. with borrowings under the revolver.

In addition, Mediacom Broadband LLC repaid the entire $245.6 million balance of the term loan I under its existing bank credit facility, which was scheduled to mature on June 30, 2017, according to a separate 8-K.

The repayment was funded with $170.6 million of borrowings under its existing revolving credit facility and a $75 million cash contribution received from parent company Mediacom Communications.

Mediacom is a Mediacom Park, N.Y.-based cable operator.

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