New Issue: Harron Communications prices $225 million eight-year notes at par to yield 9 1/8%

By Paul A. Harris

Portland, Ore., March 28 - Harron Communications, LP priced a $225 million issue of eight-year senior notes (Caa1/B-/) at par to yield 9 1/8% on Wednesday, according to an informed source.

The yield printed in the middle of the 9% to 9¼% yield talk.

SunTrust Robinson Humphrey and Wells Fargo Securities LLC were the joint bookrunners.

The Frazer, Pa.-based cable services provider plans to use the proceeds to fund the redemption of the remaining 25% equity interest of BV Investment Partners and to repay a portion of its outstanding term loans.

Issuer:	Harron Communications, LP
Amount:	$225 million
Maturity:	April 1, 2020
Securities:	Senior notes
Bookrunners:	SunTrust Robinson Humphrey, Wells Fargo Securities LLC
Co-managers:	Mitsubishi UFJ, US Bancorp
Coupon:	9 1/8%
Price:	Par
Yield:	9 1/8%
Call features:	Callable on April 1, 2016 at 104.563, 102.281, par on and after April 1, 2018
Trade date:	March 28
Settlement date:	April 3
Ratings:	Moody's: Caa1
	Standard & Poor's: B-
Distribution:	Rule 144A for life
Marketing:	Roadshow

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