Investors Mixed On Cablevision Extension Offer

Investor response was mixed on proposed amendment from Cablevision Systems Corp. that would extend the maturity on its term loan three years to 2016.

  • 15 May 2009

Investor response was mixed on proposed amendment from Cablevision Systems Corp. that would extend the maturity on its term loan three years to 2016. Some investors are taking issue with the fact that the amendment does not tack on covenants to the covenant-lite deal.

“It’s a very bad precedent. ...

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