Cequel Communications seeks loan amendment to allow for notes sale

By Sara Rosenberg

New York, Oct. 14 - Cequel Communications LLC is looking to amend its first-lien credit facility to allow for the issuance of new senior unsecured notes, provided that proceeds are used to repay bank debt, according to a news release.

After obtaining the required lender approval for the amendment, the company plans to market a $400 million senior unsecured notes offering.

In addition, the amendment would facilitate the company's bandwidth investment plan, which is designed to improve the capacity and efficiency of its network, and modify various other provisions.

Cequel is a St. Louis-based cable company.

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