Cequel to price $500 million tap of 5 1/8% notes due 2021 Thursday

By Paul A. Harris

Portland, Ore., Sept. 4 – Cequel Communications Holdings I, LLC and Cequel Capital Corp. plan to price a $500 million tack-on to their 5 1/8% senior notes due Dec. 15, 2021 on Thursday following a mid-morning conference call with investors, according to a syndicate source.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co., RBC Capital Markets and SunTrust Robinson Humphrey are the joint bookrunners for the Rule 144A and Regulation S for life deal.

The notes become callable on June 15, 2016 at 103.844.

The St. Louis-based cable operator plans to use the proceeds to fund a dividend to its shareholders.

The original $750 million issue priced at par in May 2013.

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