HC2 Holdings unit extends $81.2 million private notes by a year

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – HC2 Holdings, Inc. said its broadcasting segment has amended the terms of its $81.2 million of privately placed notes and extended the notes’ maturity by one year to October 2021.

Borrowing terms for the notes are largely unchanged, according to a news release.

As part of the amended terms, HC2 Broadcasting is able to sell several non-core full power stations, which would enable it to reduce the principal on the notes.

The diversified holding company is based in New York.

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