Daily News: April 10, 2013

Bloomberg: Cablevision Said to Seek $1.9B Loan to Repay Debt

Bloomberg reported, citing a person with knowledge of the deal, that Cablevision Systems, a telecommunications and entertainment provider, is seeking a $1.9 billion term loan. According to Bloomberg, the financing, led by Bank of America, will repay debt.

The article said, according to Bloomberg data, that the company has about $4.6 billion outstanding in loans maturing between 2015 and 2017.

To read the entire Bloomberg story, click here.