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Mediacom readies launch of $450 million term loan H for Wednesday
By Sara Rosenberg
New York, May 14 - Mediacom Broadband Group will hold a call at noon ET on Wednesday to launch a $450 million term loan H due January 2021, according to a market source.
J.P. Morgan Securities LLC and BofA Merrill Lynch are the lead banks on the deal.
Price talk on the term loan B is Libor plus 250 basis points to 275 bps with a 0.75% Libor floor and an original issue discount of 993/4, the source said.
The loan has 101 soft call protection for six months.
Proceeds will be used to refinance existing debt.
Mediacom is a Middletown, N.Y.-based cable operator.
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