Fitch rates Mediacom notes B

Fitch Ratings said it assigned a B rating with a recovery rating of RR5 to Mediacom LLC's proposed $250 million issuance of senior unsecured notes due 2022.

The proceeds, together with borrowings from its revolving credit facility, are expected to be used to repay amounts outstanding under term loan D, Fitch said.

Mediacom is a wholly owned subsidiary of Mediacom Communications Corp.

The transaction is a modest positive for Mediacom as it improves the company's overall financial flexibility by extending the maturity profile and reduces the amount of senior secured debt within the capital structure, Fitch said.

Credit protection metrics will be largely unaffected, the agency said.

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