Mediacom uses $200 million draw on revolver to fund cash distribution

By Angela McDaniels

Tacoma, Wash., June 6 – Mediacom Broadband LLC made a $200 million draw on its $375 million senior secured revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The draw was used to make a cash distribution to parent company Mediacom Communications Corp. on Tuesday.

Middletown, N.Y.-based Mediacom Communications provides video, high-speed data, phone, and home security and automation services. Its cable systems are owned and operated through Mediacom Broadband’s operating subsidiaries.

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