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Cablevision Announces Final Results Of Tender Offers

Stocks in this article: CVC

CSC Holdings, LLC (the “Company”), a subsidiary of Cablevision Systems Corporation (NYSE: CVC), announced today the final results of its previously announced cash tender offers for up to a maximum aggregate purchase price of $600 million (the “Maximum Notes Purchase Price”) of its 8.50% Senior Notes due June 15, 2015 (the “2015 Notes”) and its 8.50% Senior Notes due April 15, 2014 (the “2014 Notes” and, together with the 2015 Notes, the “Senior Notes”). The tender offers expired at 11:59 p.m., New York City time, on October 11, 2012 (the “Expiration Date”). The terms and conditions of the tender offers are described in the Offer to Purchase and related Letter of Transmittal, dated September 13, 2012, distributed to holders of the Senior Notes.

The principal amounts of Senior Notes listed in the table below have been validly tendered in connection with the tender offers for the Senior Notes:

CUSIP Number         Title of Security        

Acceptance Priority Level


Aggregate Principal Amount Outstanding Prior to Early Tender Date


Principal Amount Tendered

126307 AB3        

8.50% Senior Notes dueJune 15, 2015

        1         $120,543,000         $29,000,000
126307 AA5        

8.50% Senior Notes dueApril 15, 2014

        2         $575,633,000         $370,696,000

Holders of 2015 Notes who validly tendered their 2015 Notes prior to 5:00 p.m., New York City time, on September 26, 2012 (the “Early Tender Date”) and whose 2015 Notes were accepted for purchase received total consideration of $1,046.25 per $1,000 principal amount of 2015 Notes, including an early tender premium of $30.00 per $1,000 principal amount of 2015 Notes (the “2015 Notes Early Tender Premium”). Holders who validly tendered their 2015 Notes after the Early Tender Date but on or before the Expiration Date and whose 2015 Notes are accepted for purchase will receive tender offer consideration less the 2015 Early Tender Premium equal to $1,016.25 per $1,000 principal amount of 2015 Notes. In addition to such consideration, the Company will pay in cash, in each case, accrued and unpaid interest on all validly tendered 2015 Notes accepted for purchase up to, but not including, the payment date.

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