Atlantic Broadband Launches Incremental Term Loan B Financing and Repricing.QUINCY, Mass. -- Atlantic Broadband Atlantic Broadband is one of the top 20 cable operators in the United States with over 250,000 customers. The company services the regions of: Florida, Maryland/Delaware, South Carolina and Western Pennsylvania.[1] Website Controversy The AtlanticBroadband. Finance, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly-owned subsidiary of Atlantic Broadband Group, LLC, today announced that it intends to increase its outstanding Term Loan B Senior Credit borrowings by $110 million and to reprice downward its existing Term Loan B. Atlantic Broadband Finance, LLC intends to use the proceeds to redeem a portion of the Preferred Securities of Atlantic Broadband Group, LLC, to repay all of its Term Loan A borrowings and to reduce a portion of its revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. borrowings. Atlantic Broadband Finance, LLC has engaged Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. and Credit Suisse as co-lead arrangers for the transaction. Subject to market conditions, the Company expects that the transaction would be completed within the next few weeks. Atlantic Broadband Finance, LLC is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. offering digital video, high-speed Internet and phone service in six eastern U.S. states. It is currently ranked as a top 20 cable operator in the United States. The Company is headquartered in Quincy, Massachusetts. |
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