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|Suddenlink Announces Expiration of Consent Solicitation, Receipt of the Requisite Consents, and Execution of the Supplemental Indenture|
ST. LOUIS (August 6, 2012) - Cequel Communications Holdings I, LLC ("Cequel" and together with its subsidiaries, "Suddenlink" or the "Company") and Cequel Capital Corporation (together with Cequel, the "Issuers") announced today that the previously announced consent solicitation with respect to their outstanding 8.625% Senior Notes due 2017 (the "Notes") has expired as of 5:00 p.m. New York City time today, and that they have received consents from the holders of their Notes representing in excess of a majority in aggregate principal amount of the outstanding Notes. Following receipt of the consents described above, the Issuers executed a supplemental indenture to the indenture governing the Notes (the "Indenture") containing the proposed amendment (the "Amendment") described in the Notice of Consent Solicitation, dated July 25, 2012, as amended by a Supplement to Notice of Consent Solicitation, dated August 2, 2012 (the "Notice"). The Amendment is effective, but will become operative with respect to all holders of Notes, including those holders who did not consent to the Amendment, only upon payment of the consent fee set forth in the Notice. As provided in the Notice, the consent fee will be paid to holders only upon satisfaction of the conditions set forth therein.
Holders that have validly delivered, and not properly revoked, a consent to the Amendment may no longer revoke such consent.
Suddenlink (suddenlink.com) is the seventh largest cable system operator in the United States, supporting the information, communication and entertainment demands of more than 1.4 million residential and commercial customers in Arkansas, Louisiana, North Carolina, Oklahoma, Texas, West Virginia and elsewhere. Suddenlink simplifies its customers' lives through one call for support, one connection, and one bill for TV, Internet, phone and other services.
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