(RTTNews) - CSC Holdings, Inc., a subsidiary of cable operator Cablevision Systems Corp.
(CVC), announced on Wednesday that it has priced an offering of $500 million of 8-1/2% senior notes due 2015 to certain institutional investors.
The Bethpage, New York-based company said that the offering is expected to close on June 4, 2008, subject to customary closing conditions.
CSC Holdings intends to use the net proceeds from the offering to repay at maturity its $500 million of 7.25% senior notes due July 2008.
Earlier today, CSC Holdings said that it is planning an offering of $500 million of senior notes to certain institutional investors.
Shares of Cablevision Systems closed Wednesday's regular trading session at $26.26, up 11 cents or 0.42%. In the extended hours trading, the shares further gained 3 cents or 0.10%.
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