|[May 20, 2014]
CSC Holdings LLC Announces Pricing of $750 Million of Senior Notes
BETHPAGE, N.Y. --(Business Wire)--
CSC (News - Alert) Holdings LLC, a subsidiary of Cablevision Systems Corporation
(NYSE:CVC), today announced that it has priced an offering of $750
million in aggregate principal amount of 5.25% senior notes due 2024.
The offering is expected to close on May 23, 2014, subject to customary
CSC Holdings intends to use the net proceeds of this offering and cash
on hand to repay a portion of its existing credit facility.
The notes are being offered inside the United States to qualified
institutional buyers in reliance on Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"), and outside the United
States to non-U.S. persons in reliance on Regulation S under the
The notes have not been registered under the Securities Act or
applicable state securities laws and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requiremens of the Securities Act and applicable state
laws. This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy the notes.
Cablevision Systems (News - Alert) Corporation (NYSE: CVC) is a leading media and
telecommunications company, serving millions of households and
businesses throughout the greater New York area. Providing quality
products that keep customers connected, Cablevision offers
Optimum (News - Alert)-branded digital cable television, high-speed Internet and voice
services as well as Optimum WiFi, the nation's most robust WiFi network.
Cablevision's Lightpath subsidiary is a premier 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 information created
specifically for the communities it serves.
This press release may contain statements that constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that any
such forward-looking statements are not guarantees of future performance
or results and involve risks and uncertainties, and that actual results
or developments may differ materially from those in the forward-looking
statements as a result of various factors, including financial community
and rating agency perceptions of the company and its business,
operations, financial condition and the industries in which it operates
and the factors described in the company's filings with the Securities
and Exchange Commission, including the sections entitled "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" contained therein. The company
disclaims any obligation to update any forward-looking statements
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