Cablevision Systems announces sale of Senior Subordinated Debentures and Senior Subordinated Notes.WOODBURY, N.Y.--(BUSINESS WIRE)--May 16, 1996--Cablevision Systems Corp. (CVC See CSC. :ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) today announced that it has agreed to sell $250 million of its 10 1/2% Senior Subordinated Debentures due 2016 through an underwriting group including Bear, Stearns & Co. Inc., Merrill Lynch & Co. and Morgan Stanley & Co. Incorporated and $150 million of its 9 7/8% Senior Subordinated Notes due 2006 through an underwriting group including Toronto Dominion Securities, CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Corp., NationsBanc Capital Markets, Inc. and Chase Securities Inc. The proceeds from the offerings will be used to reduce Cablevision's existing bank debt. Cablevision Systems Corp. and its affiliates serve more than 2.7 million cable television customers in 19 states and, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Rainbow Programming, manages entertainment, news and sports programming services. CONTACT: Cablevision Systems Corp. Woodbury Charles Schueler, 516/393-1399 |
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