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 COMMUNICATIONS CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-29227 06-1566067
(State of incorporation) (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 8.01 Other Events
Mediacom Broadband LLC is a wholly-owned subsidiary of Mediacom
Communications Corporation (the "Registrant"). 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 the Registrant and were used
by the Registrant on June 29, 2006 to pay the entire outstanding principal
amount of the Registrant'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.
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 Communications Corporation
By: /s/ Mark E. Stephan
-------------------------------------
Mark E. Stephan
Executive Vice President and
Chief Financial Officer