Cablevision Goes Covenant- Lite

Kantin, Kerry
March 2006
Investment Dealers' Digest;3/20/2006, Vol. 72 Issue 11, p13
Trade Publication
The article reports that Cablevision Systems was able to aggressively structure its $3.5 billion loan to finance a shareholder dividend, despite the unpopularity of such use of proceeds. A bank group led by Banc of America and Citigroup began syndication of the seven-year term loan. The move is the second attempt of the cable company to finance a shareholder dividend in the loan market.


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