Mediacom $1.3 billion credit facility to launch Wednesday

By Sara Rosenberg

New York, Sept. 14 - Mediacom LLC is scheduled to launch a $1.3 billion credit facility on Wednesday, according to a market source. JPMorgan and Bank of America are the lead banks on the deal, with JPMorgan listed on the left.

The facility consists of a $500 million 81/2-year term loan B talked at Libor plus 200 basis points, a $600 million eight-year revolver talked at Libor plus 125 basis points and a $200 million eight-year term loan A talked at Libor plus 125 basis points, the source said.

Proceeds will be used to refinance existing debt.

Mediacom LLC is a wholly owned subsidiary of Mediacom Communications Corp., a Middletown, N.Y., cable television company.

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