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Atlantic Broadband Launches Incremental Term Loan B Financing and Repricing.

Publication: Business Wire
Date: Monday, February 12 2007

QUINCY, Mass. -- Atlantic Broadband Finance, LLC, 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 borrowings.

Atlantic Broadband Finance, LLC has engaged Merrill Lynch & 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 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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