Cebridge Connections to get new facility for Cox cable purchase

By Sara Rosenberg

New York, March 29 - Cebridge Connections Inc. plans to acquire a new credit facility to help fund its purchase of Cox Communications Inc.'s cable television systems, according to a market source.

Goldman Sachs and Credit Suisse are joint lead arrangers on the deal, with Goldman the left lead.

No further details on the financing are available at this time.

GS Capital Partners and Oaktree Capital Management LLC are the majority investors in Cebridge and the primary equity partners in this transaction.

The acquisition, which was announced in 2005, is expected to close in the second quarter.

Cebridge is a St. Louis-based provider of cable television and internet access.

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