Rainbow needs more credit; Voom's momentum is also growing, Cablevision says in SEC filing.(Finance)(Securities & Exchange Commission)
Multichannel News, May, 2004 by Farrell, Mike
Cablevision Systems Corp. has filed a Form 10 registration statement for its planned separation into two distinct companies, and the 180-page document pretty much said what analysts expected--except for one wrinkle. To do the spinoff, Cablevision must increase the borrowing capacity of its Rainbow Media Holdings national programming networks by $200 million to $400 million.
Rainbow Media Holdings currently has an $821.4 million line of credit, of which $98.8 million was unused. According to the securities filing, that debt--less the un-drawn amounts--would have to be repaid on the date of the spinoff, along with a 5250 million credit facility for Rainbow Media Holdings. A new $1.2 billion to $1.4 billion credit facility would pay off that...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
