UPDATE: Cablevision Offers $500M Senior Notes

Cablevision Systems Corporation

today announced that it is planning a public offering of $500 million in aggregate principal amount of senior notes due 2022. Cablevision intends to invest the net proceeds of this offering in its subsidiary, CSC Holdings LLC, with which CSC Holdings LLC will address its upcoming debt maturities by making tender offers for $400 million of its 8.50% Senior Notes due 2015 and 8.50% Senior Notes due 2014, repaying $100 million of its Term Loan B-2 and for general corporate purposes.