15.05.2013 21:08:00
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Mediacom Broadband LLC -- Moody's assigns Ba3 to Mediacom Broadband first lien term loan
New York, May 15, 2013 -- Moody's Investors Service assigned a Ba3 rating to the proposed first lien term loan of Mediacom Broadband LLC, a wholly owned operating subsidiary of Mediacom Communications Corporation (Mediacom). The company expects to use proceeds primarily to repay Mediacom Broadband's first lien debt. The proposed transaction does not meaningfully impact leverage or the mix of debt capital, and all other ratings, including the B1 corporate family rating of Mediacom, are unchanged.