- Sep 9, 2003
- 12,308
- 2,007
Remember that thread from 8/16 about Rainbow fianncing. Well here isa followup.
http://biz.yahoo.com/bw/040823/235349_1.html
Rainbow National Services LLC (RNS), a subsidiary of Cablevision Systems Corporation (NYSE: CVC - News), announced that it closed on an offering of $300 million of 8 3/4% senior notes due 2012 and $500 million of 10 3/8% senior subordinated notes due 2014; as well as a $950 million senior secured credit facility, $600 million of which was drawn at closing. The net proceeds of these offerings were distributed by RNS to its parent company, Rainbow Media Enterprises, and used to repay approximately $705 million of outstanding bank debt at Rainbow Media Holdings. Rainbow Media Enterprises will invest the remaining proceeds of approximately $661 million in its subsidiaries, including primarily Rainbow DBS.
http://biz.yahoo.com/bw/040823/235349_1.html
Rainbow National Services LLC (RNS), a subsidiary of Cablevision Systems Corporation (NYSE: CVC - News), announced that it closed on an offering of $300 million of 8 3/4% senior notes due 2012 and $500 million of 10 3/8% senior subordinated notes due 2014; as well as a $950 million senior secured credit facility, $600 million of which was drawn at closing. The net proceeds of these offerings were distributed by RNS to its parent company, Rainbow Media Enterprises, and used to repay approximately $705 million of outstanding bank debt at Rainbow Media Holdings. Rainbow Media Enterprises will invest the remaining proceeds of approximately $661 million in its subsidiaries, including primarily Rainbow DBS.
