Mediacom Lowers Notes Offering

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Mediacom Broadband LLC and Mediacom Broadband Corp. said Thursday that they will offer $200 million in aggregate principal amount of senior notes due 2015.

The two Mediacom Communications Corp. units had announced a $300 million offering Tuesday.

The company said net proceeds, until needed for a specific application, will be used to repay approximately $193 million of borrowings outstanding under the revolving-credit portion of the bank-credit facility of its subsidiaries.

The sale is expected to be completed Aug. 30.

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