CSC Holdings LLC, a subsidiary of Cablevision Systems Corp., has priced an offering of $750 million in aggregate principal amount of 5.25% senior notes due 2024. The offering is expected to close 5/23. CSC intends to use the net proceeds of this offering and cash on hand to repay a portion of its existing credit facility.
Cablevision Systems offers Optimum-branded digital cable television, high-speed Internet and voice services as well as Optimum WiFi, in the NYC area. Cablevision’s Lightpath subsidiary is a provider of integrated business communications solutions for larger companies. Through its local media and programming properties – News 12 Networks and Newsday Media Group – Cablevision also delivers news and info created specifically for the communities it serves.
