Print Page  Close Window

SEC Filings

424B1
RENAISSANCE MEDIA GROUP LLC filed this Form 424B1 on 09/10/1998
Entire Document
 
<PAGE>
 
           RENAISSANCE MEDIA HOLDINGS LLC AND RENAISSANCE MEDIA LLC
 
                  NOTES TO FINANCIAL STATEMENTS--(CONTINUED)
 
9. SUBSEQUENT EVENTS (UNAUDITED)--(CONTINUED)
 
and $40 million is available under a revolving credit facility. In addition,
Renaissance Media Group LLC, Renaissance Media (Louisiana) LLC, Renaissance
(Tennessee) LLC and Renaissance Media Capital Corporation (collectively, the
"Obligors") issued $163 million senior discount notes due 2008 (the "Notes")
and received net cash proceeds of approximately $100 million. The Notes will
fully accrete to face value on April 15, 2003, and after such date will bear
interest, payable semi-annually in cash, at a rate of 10% per annum on April
15 and October 15 of each year commencing October 15, 2003. The Notes are
redeemable at the option of the Obligors at any time on or after April 15,
2003 at 105.0% of the principal amount thereof at maturity until April 15,
2004 and declining in accordance with a schedule to 100.0% of the principal
amount thereof at maturity in 2006 and thereafter. The payment of the Notes
will be guaranteed by Renaissance Media Group LLC and will be effectively
subordinated to all liabilities of Renaissance Media Group LLC's subsidiaries.
The indenture for the Notes contains certain restrictive covenants. Additional
equity contributions of $93.5 million, were made by MSCP III, L.P., MSCP III
892, MSCI L.P., TWI Cable and the Management Investors on April 9, 1998 to the
Company.
 
                                      F-8