Mediacom raises shelf filing to $1.5 billion

New York, Feb. 4 - Mediacom Communications Corp. increased its shelf filing with the Securities and Exchange Commission to $1.5 billion.

The shelf covers Mediacom's Class A common stock, preferred stock, debt securities, warrants and subscription rights along with debt securities that may be issued by its Mediacom LLC, Mediacom Capital Corp., Mediacom Broadband LLC and Mediacom Broadband Corp. units.

The preferred stock and debt securities may be issued as convertibles.

Included in the shelf are $372.422 million of securities for Mediacom's units that were previously registered but have not been sold.

The Middletown, N.Y. cable television company said it would use proceeds from the securities for general corporate purposes.

For the nine months to Sept. 30, 2001, Mediacom Communications Corp.'s earnings were insufficient to cover fixed charges by $102.9 million compared to a deficiency of $113.5 million for the same period a year earlier.

Mediacom LLC's deficiency was $79.5 million for the same period compared to $97.3 million a year earlier.

Mediacom Broadband LLC had a deficiency of $21.1 million from inception on April 5, 2001 to Sept. 30, 2001.

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