CSC Holdings calls 8½% notes due 2014, 2015 for redemption next month

By Susanna Moon

Chicago, July 25 - CSC Holdings, LLC, a subsidiary of Cablevision Systems Corp., plans to redeem all of its $204,937,000 outstanding 8½% senior notes due 2014 and its $91,543,000 outstanding 8½% senior notes due 2015.

The company will redeem both series of notes on Aug. 26, according to a company press release.

The redemption price for the 2014 notes will be the greater of par or the make-whole redemption amount under the note terms. The company also will pay accrued interest to but excluding the redemption date.

The purchase price for the 2015 notes will be 102.125% of par plus accrued interest to but excluding the redemption date.

CSC Holdings is a subsidiary of Cablevision Systems, a Bethpage, N.Y.-based media and telecommunications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.