UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 29, 2006
MEDIACOM BROADBAND LLC
(Exact name of Registrant as specified in its charter)
Delaware 333-72440 06-1615412
(State of incorporation (Commission File No.) (IRS Employer
Identification No.)
or organization)
100 Crystal Run Road
Middletown, New York 10941
(Address of principal executive offices)
Registrants' telephone number: (845) 695-2600
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
Mediacom Broadband LLC is a wholly-owned subsidiary of Mediacom
Communications Corporation ("MCC"). On June 29, 2006, the operating subsidiaries
of Mediacom Broadband LLC borrowed $250.0 million (the "Delayed Term Loan Draw")
under the delayed-draw term loan portion of their credit facility (the "Credit
Facility"). Approximately $176.7 million of the proceeds of the Delayed Term
Loan Draw were distributed to MCC and were used by MCC on June 29, 2006 to pay
the entire outstanding principal amount of MCC's 5.25% Convertible Senior Notes
due on July 1, 2006, plus accrued and unpaid interest thereon. Approximately
$57.0 million of the proceeds of the Delayed Term Loan Draw were used on June
30, 2006 to repay amounts outstanding under the revolving credit portion of the
Credit Facility. Approximately $9.4 million of the proceeds of the Delayed Term
Loan Draw were used on June 30, 2006 to make a required amortization payment on
the term loan A portion of the Credit Facility. The balance of the proceeds of
the Delayed Term Loan Draw will be used for the working capital purposes of
Mediacom Broadband LLC and its operating subsidiaries.
Borrowings under the delayed-draw term loan bear interest at a floating
rate or rates equal to, at the option of the operating subsidiaries, the LIBOR
rate or the prime rate, plus a margin specified in the Credit Facility. The
delayed-draw term loan matures in January 2015. The obligations of the operating
subsidiaries under the delayed-draw term loan are governed by the terms of the
Credit Facility.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: June 30, 2006
Mediacom Broadband LLC
By: /s/ Mark E. Stephan
--------------------------------
Mark E. Stephan
Executive Vice President
and Chief Financial Officer