This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CSC Holdings Increases Maximum Notes Purchase Price For Cash Tender Offers For Senior Notes

CSC Holdings, LLC (the “Company”), a subsidiary of Cablevision Systems Corporation (NYSE: CVC), announced today that it is increasing the aggregate purchase price (including the tender premiums listed in the table below) of outstanding notes to be purchased in the tender offers for the senior notes listed in the table below (the “Senior Notes”) from $400 million to $600 million (the “Maximum Notes Purchase Price”).

The terms and conditions of each tender offer are described in the Offer to Purchase and related Letter of Transmittal distributed to holders of Senior Notes, as amended by this news release. Except as described in this news release, none of the terms of the tender offers are being amended.

Title of Security and CUSIP Numbers

Outstanding Principal Amount

Acceptance Priority Level

Base Offer Consideration (1)(2)

Early Tender Premium (1)

Total Offer Consideration (1)(3)
8.50% Senior Notes due June 15, 2015(CUSIP No. 126307 AB3; ISIN No. US126307 AB34)       $120,543,000      

      $1,016.25       $30.00       $1,046.25
8.50% Senior Notes due April 15, 2014(CUSIP No. 126307 AA5; ISIN No. US126307 AA50)       $575,633,000       2       $1,083.00       $30.00       $1,113.00
(1)       Per $1,000 principal amount of Senior Notes.
(2) Calculated as the applicable Total Offer Consideration less the applicable Early Tender Premium.
(3) Includes the applicable Early Tender Premium per $1,000 principal amount of Senior Notes for each series of Senior Notes (the “Early Tender Premium”).

The tender offers will expire at 11:59 p.m. New York City time, on October 11, 2012, unless extended or earlier terminated (such time and date, as the same may be extended with respect to any series of Senior Notes, the “Expiration Date”). Holders must validly tender their Senior Notes prior to 5:00 p.m., New York City time, on September 26, 2012 (the “Early Tender Date”), unless extended, in order to be eligible to receive the applicable Total Consideration. Holders who validly tender their Senior Notes after the Early Tender Date but prior to the Expiration Date and whose Senior Notes are accepted for purchase will receive the applicable tender offer consideration, namely the Total Consideration less the Early Tender Premium of $30 per $1,000 principal amount of Senior Notes.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.30 -1.00%
FB $118.79 0.83%
GOOG $706.66 0.75%
TSLA $212.39 0.41%
YHOO $36.82 -0.32%


Chart of I:DJI
DOW 17,636.88 -23.83 -0.13%
S&P 500 2,045.92 -4.71 -0.23%
NASDAQ 4,698.7210 -18.3730 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs