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): April 5, 2006
MEDIACOM LLC
(Exact name of Registrant as specified in its charter)
New York 333-57285-01 06-1433421
(State of organization) (Commission File No.) (IRS Employer
Identification No.)
100 Crystal Run Road
Middletown, New York 10941
(Address of principal executive offices)
Registrant's 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 2.02. Results of Operations and Financial Condition.
The disclosure set forth in Item 7.01 of this report concerning the
unaudited data and other information of Mediacom LLC (the "Company") for the
three months ended March 31, 2006 (including the paragraph stating that the
information is preliminary in nature) is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
Mediacom LLC Announces Preliminary Unaudited First Quarter 2006 Revenues and
Customer Information
The Company is providing the following unaudited and other information for
the first quarter of 2006 because such information is being given to potential
investors with respect to a proposed refinancing of certain existing senior
secured term loan facilities for its operating subsidiaries.
Since the first quarter of 2006 has only recently ended, the unaudited data
and other information that follows is preliminary in nature and is based only
upon what is available to the Company as of the date of this Form 8-K.
Accordingly, this information is subject in all respects to the completion of
disclosure controls and procedures required to finalize the Company's financial
statements and other information for the reporting period, which will be
included in the Company's Form 10-Q for the three months ended March 31, 2006.
Investors should therefore exercise caution in relying on the unaudited data and
other information contained herein and should not draw any inferences from this
information regarding financial or operating data that is not discussed herein.
There can be no assurance that the actual amounts ultimately filed in the
Company's Form 10-Q for the three months ended March 31, 2006, will not be
materially different than the amounts disclosed in this Form 8-K.
Revenues for the three months ended March 31, 2006, are expected to be
approximately $126.3 million, representing a 7.5% increase over the prior year
period. The following table reflects selected subscriber and customer statistics
for the periods presented:
March 31, December 31, March 31,
------------------ ------------------ ------------------
2006 2005 2005
Basic subscribers 650,200 650,000 673,500
Digital customers 207,400 205,000 175,500
Data customers 224,000 212,000 181,000
Phone customers 10,000 4,500 -
------------------ ------------------ ------------------
Total Revenue Generating Units (RGU) 1,091,600 1,071,500 1,030,000
================== ================== ==================
Average monthly revenue per basic $64.78 $62.78 $58.09
subscriber
Average monthly revenue per RGU $38.94 $38.56 $38.64
Terms and definitions relating to the above information can be found in the
Company's annual report on Form 10-K for the year ended December 31, 2005, filed
with the Securities and Exchange Commission.
Forward Looking Statements
Any statements in this press release that are not historical facts are
forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. In some cases, you can identify those
forward-looking statements by words such as "may," "will," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts," "potential," or
"continue" or the negative of those words and other comparable words. These
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from historical results or those the
Company anticipates. Factors that could cause actual results to differ from
those contained in the
forward-looking statements include, but are not limited to: competition in the
Company's video, high-speed Internet access and phone businesses; the Company's
ability to achieve anticipated customer and revenue growth and to successfully
introduce new products and services; increasing programming costs; changes in
laws and regulations; the Company's ability to generate sufficient cash flow to
meet its debt service obligations and to access capital to maintain financial
flexibility; and the other risks and uncertainties described in the Company's
annual report on Form 10-K for the year ended December 31, 2005 and the other
reports and documents the Company files from time to time with the Securities
and Exchange Commission. Statements included in this press release are based
upon information known to the Company as of the date of this press release, and
the Company assumes no obligation to (and expressly disclaims any such
obligation to) publicly update or alter its forward-looking statements made in
this press release, whether as a result of new information, future events or
otherwise, except as otherwise required by applicable federal securities laws.
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: April 5, 2006
Mediacom LLC
By: /s/ Mark E. Stephan
---------------------------------
Mark E. Stephan
Executive Vice President,
Chief Financial Officer and
Treasurer