Mediacom Communications Announces Completion of New Revolving Credit Facility

MIDDLETOWN, N.Y.--(BUSINESS WIRE)-- Mediacom Communications Corporation announced today the completion of a five-year $216.0 million revolving credit agreement for Mediacom Broadband LLC, one of its two principal subsidiaries. This new financing has an expiry date of December 30, 2016, subject to early termination on July 31, 2014, or April 15, 2015, if certain other indebtedness of Mediacom Broadband remains outstanding on these dates, and replaces a $430.3 million revolving credit facility that would have matured on December 31, 2012.

As a result of this new financing, Mediacom Communications has significantly reduced its total debt maturing over the next three years to less than $80.0 million. After giving pro forma effect to the closing of the transaction, as of September 30, 2011, Mediacom Communications would have had $441.2 million of aggregate revolving credit commitments between its principal subsidiaries, Mediacom Broadband and Mediacom LLC, and $187.2 million in unused borrowing capacity under such credit commitments.

J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner and Smith Inc. acted as Joint Lead Arrangers for the new credit facility. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith Inc. and Wells Fargo Securities, LLC acted as Joint Bookrunners, and Bank of America, N.A. and Wells Fargo Bank, National Association acted as Co-Syndication Agents, with Deutsche Bank Securities Inc. and SunTrust Bank in their capacity as Co-Documentation Agents.

About Mediacom Communications

Mediacom Communications is the nation’s eighth largest cable television company and one of the leading cable operators focused on serving the smaller cities in the United States, with a significant concentration in the Midwestern and Southeastern regions. Mediacom Communications offers a wide array of broadband products and services, including traditional and advanced video services such as digital television, video-on-demand, digital video recorders, high-definition television, as well as high-speed Internet access and phone service. Mediacom Communications also offers branded broadband communications solutions that can be tailored to any size business through its Mediacom Business division. For more information about Mediacom Communications, please visit www.mediacomcc.com.

CONTACT:

Mediacom Communications
Investor Relations:
Calvin G. Craib, 845-695-2675
Senior Vice President,
Corporate Finance
or
Media Relations:
Thomas J. Larsen, 845-695-2754
Group Vice President,
Legal and Public Affairs

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Entertainment  TV and Radio  Technology  Other Entertainment  Internet  Telecommunications  Mobile/Wireless

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