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Mediacom readies launch of $600 million term loan M for Wednesday
By Sara Rosenberg
New York, Oct. 17 – Mediacom LLC is set to hold a lender call on Wednesday to launch a $600 million secured term loan M (BBB-) due 2025 that is talked at Libor plus 200 basis points to 225 bps with a 0.75% Libor floor and an original issue discount of 99.75, according to market sources.
Included in the term loan is 101 soft call protection for six months.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to refinance existing debt, including a term loan H.
Mediacom is a Mediacom Park, N.Y.-based cable operator.
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