Mediacom Communications (MCCC)

 

In light of the unprecedented volatility in financial markets, we continue to assess the impact, if any, of recent market developments, including the bankruptcy, restructuring or merging of certain banks and investment banks on our financial position. These assessments include a review of our continued access to liquidity in the credit markets and counterparty creditworthiness.

 

In this severely tightened credit environment, we believe we have sufficient liquidity to meet our requirements over the next two years. We fund our liquidity needs for capital investment, working capital, and other financial commitments through cash flow from continuing operations and available revolving credit commitments aggregating $762.2 million as of December 31, 2008. We have $124.5 million of debt maturities in 2009 and $92.0 million of debt maturities in 2010. At this time, we are not aware of any of our revolver banks being in a position where they would be unable to fund borrowings made under our revolving credit commitments. The turmoil in the financial markets may create additional risks in the foreseeable future, including the failure of additional banks, which could reduce amounts available to us under our revolving credit commitments. If the current economic conditions were to persist or worsen, we may not be able to replace the liquidity lost as each revolving credit facility expires, or refinance outstanding balances on maturing revolving credit facilities, term loans or senior notes at all or on acceptable terms. Even if we can secure refinancing, if prevailing credit market conditions persist or worsen, we would likely pay considerably higher interest rates on any refinancing or new financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets, we continue to assess the impact, if any, of recent market developments, including the bankruptcy, restructuring or merging of certain banks and investment banks on our financial position. These assessments include a review of our continued access to liquidity in the credit markets and counterparty creditworthiness.

 

In this severely tightened credit environment, we believe we have sufficient liquidity to meet our requirements over the next two years. We fund our liquidity needs for capital investment, working capital, and other financial commitments through cash flow from continuing operations and available revolving credit commitments aggregating $762.2 million as of December 31, 2008. We have $124.5 million of debt maturities in 2009 and $92.0 million of debt maturities in 2010. At this time, we are not aware of any of our revolver banks being in a position where they would be unable to fund borrowings made under our revolving credit commitments. The turmoil in the financial markets may create additional risks in the foreseeable future, including the failure of additional banks, which could reduce amounts available to us under our revolving credit commitments. If the current economic conditions were to persist or worsen, we may not be able to replace the liquidity lost as each revolving credit facility expires, or refinance outstanding balances on maturing revolving credit facilities, term loans or senior notes at all or on acceptable terms. Even if we can secure refinancing, if prevailing credit market conditions persist or worsen, we would likely pay considerably higher interest rates on any refinancing or new financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets, we continue to assess the impact, if any, of recent market developments, including the bankruptcy, restructuring or merging of certain banks and investment banks on our financial position. These assessments include a review of our continued access to liquidity in the credit markets and counterparty creditworthiness.

 

In this severely tightened credit environment, we believe we have sufficient liquidity to meet our requirements over the next two years. We fund our liquidity needs for capital investment, working capital, and other financial commitments through cash flow from continuing operations and available revolving credit commitments aggregating $762.2 million as of December 31, 2008. We have $124.5 million of debt maturities in 2009 and $92.0 million of debt maturities in 2010. At this time, we are not aware of any of our revolver banks being in a position where they would be unable to fund borrowings made under our revolving credit commitments. The turmoil in the financial markets may create additional risks in the foreseeable future, including the failure of additional banks, which could reduce amounts available to us under our revolving credit commitments. If the current economic conditions were to persist or worsen, we may not be able to replace the liquidity lost as each revolving credit facility expires, or refinance outstanding balances on maturing revolving credit facilities, term loans or senior notes at all or on acceptable terms. Even if we can secure refinancing, if prevailing credit market conditions persist or worsen, we would likely pay considerably higher interest rates on any refinancing or new financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets, we continue to assess the impact, if any, of recent market developments, including the bankruptcy, restructuring or merging of certain banks and investment banks on our financial position. These assessments include a review of our continued access to liquidity in the credit markets and counterparty creditworthiness.

 

In this severely tightened credit environment, we believe we have sufficient liquidity to meet our requirements over the next two years. We fund our liquidity needs for capital investment, working capital, and other financial commitments through cash flow from continuing operations and available revolving credit commitments aggregating $762.2 million as of December 31, 2008. We have $124.5 million of debt maturities in 2009 and $92.0 million of debt maturities in 2010. At this time, we are not aware of any of our revolver banks being in a position where they would be unable to fund borrowings made under our revolving credit commitments. The turmoil in the financial markets may create additional risks in the foreseeable future, including the failure of additional banks, which could reduce amounts available to us under our revolving credit commitments. If the current economic conditions were to persist or worsen, we may not be able to replace the liquidity lost as each revolving credit facility expires, or refinance outstanding balances on maturing revolving credit facilities, term loans or senior notes at all or on acceptable terms. Even if we can secure refinancing, if prevailing credit market conditions persist or worsen, we would likely pay considerably higher interest rates on any refinancing or new financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets,
we continue to assess the impact, if any, of recent market
developments, including the bankruptcy, restructuring or merging
of certain banks and investment banks on our financial position.
These assessments include a review of our continued access to
liquidity in the credit markets and counterparty
creditworthiness.

 

In this severely tightened credit environment, we believe we
have sufficient liquidity to meet our requirements over the next
two years. We fund our liquidity needs for capital investment,
working capital, and other financial commitments through cash
flow from continuing operations and available revolving credit
commitments aggregating $762.2 million as of
December 31, 2008. We have $124.5 million of debt
maturities in 2009 and $92.0 million of debt maturities in
2010. At this time, we are not aware of any of our revolver
banks being in a position where they would be unable to fund
borrowings made under our revolving credit commitments. The
turmoil in the financial markets may create additional risks in
the foreseeable future, including the failure of additional
banks, which could reduce amounts available to us under our
revolving credit commitments. If the current economic conditions
were to persist or worsen, we may not be able to replace the
liquidity lost as each revolving credit facility expires, or
refinance outstanding balances on maturing revolving credit
facilities, term loans or senior notes at all or on acceptable
terms. Even if we can secure refinancing, if prevailing credit
market conditions persist or worsen, we would likely pay
considerably higher interest rates on any refinancing or new
financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets,
we continue to assess the impact, if any, of recent market
developments, including the bankruptcy, restructuring or merging
of certain banks and investment banks on our financial position.
These assessments include a review of our continued access to
liquidity in the credit markets and counterparty
creditworthiness.

 

In this severely tightened credit environment, we believe we
have sufficient liquidity to meet our requirements over the next
two years. We fund our liquidity needs for capital investment,
working capital, and other financial commitments through cash
flow from continuing operations and available revolving credit
commitments aggregating $762.2 million as of
December 31, 2008. We have $124.5 million of debt
maturities in 2009 and $92.0 million of debt maturities in
2010. At this time, we are not aware of any of our revolver
banks being in a position where they would be unable to fund
borrowings made under our revolving credit commitments. The
turmoil in the financial markets may create additional risks in
the foreseeable future, including the failure of additional
banks, which could reduce amounts available to us under our
revolving credit commitments. If the current economic conditions
were to persist or worsen, we may not be able to replace the
liquidity lost as each revolving credit facility expires, or
refinance outstanding balances on maturing revolving credit
facilities, term loans or senior notes at all or on acceptable
terms. Even if we can secure refinancing, if prevailing credit
market conditions persist or worsen, we would likely pay
considerably higher interest rates on any refinancing or new
financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets,
we continue to assess the impact, if any, of recent market
developments, including the bankruptcy, restructuring or merging
of certain banks and investment banks on our financial position.
These assessments include a review of our continued access to
liquidity in the credit markets and counterparty
creditworthiness.

 

In this severely tightened credit environment, we believe we
have sufficient liquidity to meet our requirements over the next
two years. We fund our liquidity needs for capital investment,
working capital, and other financial commitments through cash
flow from continuing operations and available revolving credit
commitments aggregating $762.2 million as of
December 31, 2008. We have $124.5 million of debt
maturities in 2009 and $92.0 million of debt maturities in
2010. At this time, we are not aware of any of our revolver
banks being in a position where they would be unable to fund
borrowings made under our revolving credit commitments. The
turmoil in the financial markets may create additional risks in
the foreseeable future, including the failure of additional
banks, which could reduce amounts available to us under our
revolving credit commitments. If the current economic conditions
were to persist or worsen, we may not be able to replace the
liquidity lost as each revolving credit facility expires, or
refinance outstanding balances on maturing revolving credit
facilities, term loans or senior notes at all or on acceptable
terms. Even if we can secure refinancing, if prevailing credit
market conditions persist or worsen, we would likely pay
considerably higher interest rates on any refinancing or new
financing than those we currently pay.

 

 

In light of the unprecedented volatility in financial markets,
we continue to assess the impact, if any, of recent market
developments, including the bankruptcy, restructuring or merging
of certain banks and investment banks on our financial position.
These assessments include a review of our continued access to
liquidity in the credit markets and counterparty
creditworthiness.

 

In this severely tightened credit environment, we believe we
have sufficient liquidity to meet our requirements over the next
two years. We fund our liquidity needs for capital investment,
working capital, and other financial commitments through cash
flow from continuing operations and available revolving credit
commitments aggregating $762.2 million as of
December 31, 2008. We have $124.5 million of debt
maturities in 2009 and $92.0 million of debt maturities in
2010. At this time, we are not aware of any of our revolver
banks being in a position where they would be unable to fund
borrowings made under our revolving credit commitments. The
turmoil in the financial markets may create additional risks in
the foreseeable future, including the failure of additional
banks, which could reduce amounts available to us under our
revolving credit commitments. If the current economic conditions
were to persist or worsen, we may not be able to replace the
liquidity lost as each revolving credit facility expires, or
refinance outstanding balances on maturing revolving credit
facilities, term loans or senior notes at all or on acceptable
terms. Even if we can secure refinancing, if prevailing credit
market conditions persist or worsen, we would likely pay
considerably higher interest rates on any refinancing or new
financing than those we currently pay.