Cablevision Looks To Sullivan In $900M Offering

Law360, New York (September 10, 2009, 7:33 PM EDT) -- Cablevision Systems Corp. has made a $900 million senior notes offering to raise money for its subsidiary CSC Holdings Inc. to repurchase or pay down senior debt set to mature in 2011 and 2012.

Cablevision announced Thursday that it has priced the notes, which have an interest rate of 8.625 percent and mature in 2017, at an issue price of 98.596 percent.

The company said that the offering was made to “certain institutional investors” and is exempt from the registration requirements of the Securities Act....
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