Mediacom operating subsidiaries increase revolver to $362.5 million

By Wendy Van Sickle

Columbus, Ohio, Nov. 24 – Mediacom LLC’s operating subsidiaries increased their revolving credit commitments to $362.5 million from $250 million on Monday, according to an 8-K filed with the Securities and Exchange Commission.

The increase was made via an incremental facility agreement between the operating subsidiaries and the lenders under their senior secured credit facility.

JPMorgan Chase Bank, NA is the administrative agent.

The revolving commitments are set to expire on the earliest of Feb. 5, 2019, 91 days prior to the final maturity of any term loan under the credit agreement if $200 million or more remains outstanding under the term loan on that date and six months prior to the scheduled maturity date of any affiliated subordinated debt that is then outstanding.

Mediacom is a Middletown. N.Y.-based cable operator.

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