Mediacom Communications Completes USD 2.170Bn of Financing Transactions.

INTERNET BUSINESS NEWS-(C)1995-2020 M2 COMMUNICATIONS

Mediacom Communications Corporation has announced the completion of USD 2.170 billion of financing transactions on March 17, 2020, comprising USD 745 million of revolving credit facilities and USD 1,425 million of bank term loans for our subsidiaries, Mediacom LLC and Mediacom Broadband LLC, the company said.

These successful financings:

Extended nearly 80% of our debt maturities to March 2025, with the remainder due February 2024;

Reduced the average interest rate on our total debt outstanding from 4.2% in Q1 2019 to below 2.5% currently, an all-time low for Mediacom; and

Decreased annualized interest expense from approximately USD 99 million in Q1 2019 to below USD 53 million currently, again an all-time low for...

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