Mediacom accepts notes tendered on pair of offers

MIDDLETOWN, N.Y. — Cable television company Mediacom Communications Corp. and its subsidiaries Mediacom LLC and Mediacom Capital Corp. said Tuesday that they have accepted all of the outstanding senior notes due 2011 and 2013 that were tendered in the offers for them as of Monday.

As of Monday’s early tender date, holders of $385.2 million of 2013 notes and $63.6 million of 2011 notes had validly tendered their notes, the company said.

This represents about 77 percent and 51 percent of the outstanding principal amount of the 2013 notes and 2011 notes, respectively.

The tender offers are set to expire on Sept. 8.

Mediacom shares rose 7 cents to $5.57 in afternoon trading Tuesday.