Mediacom Broadband, a wholly owned subsidiary of Mediacom Communications Corporation, announced the completion and funding of an incremental $600 million senior secured term loan facility (Term Loan H), pursuant to an existing bank credit agreement between the operating subsidiaries of Mediacom Broadband and lenders thereto.

Term Loan H was upsized to $600 million from its original launch amount of $450 million and was issued at par, with pricing of LIBOR plus 2.50%, subject to a LIBOR floor of 0.75%, and a final maturity date of January 29, 2021. The proceeds of Term Loan H will be used to repay the entire $583.5 million balance under Term Loan F, to pay related fees and expenses and for general corporate purposes.