CABLEVISION INDUSTRIES $150 MILLION OF DEBT SECURITIES REGISTERED WITH SEC
CABLEVISION INDUSTRIES $150 MILLION OF
DEBT SECURITIES REGISTERED WITH SEC
LIBERTY, N.Y., Nov. 13 /PRNewswire/ -- Cablevision Industries Corporation (CVI) today announced that it has filed with the Securities and Exchange Commission a registration statement for $150,000,000 of senior notes due 2002. The net proceeds from the offering will be used for the redemption at par or repurchase of a portion of CVI's outstanding 15-1/4 percent senior subordinated discount notes due 1996.
CVI is the ninth largest independent cable television operator in the United States, serving in excess of 1,000,000 subscribers in 18 states.
Morgan Stanley & Co Incorporated will be the lead manager of the issue; the co-managers are the First Boston Corporation and Lazard Freres & Co.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of the registration statement may be obtained by contacting Cablevision Industries Corporation, Cablevision Center, Liberty, N.Y., 12754; Telephone: 914-292-7550.
/CONTACT: Rocco B. Commisso of Cablevision Industries, 914-292-7550/ CO: Cablevision Industries Corporation ST: New York IN: ENT SU: OFR SM-JT -- NY029 -- 3864 11/13/91 10:44 EST