Atlantic Broadband to launch $110 million term B add-on, repricing Thursday

By Sara Rosenberg

New York, Feb. 12 - Atlantic Broadband Finance, LLC is scheduled to hold a conference call on Thursday at 11 a.m. ET to launch a $110 million add-on to its term loan B and a downward repricing of the existing term loan B debt, according to a market source.

Merrill Lynch and Credit Suisse are the lead banks on the deal.

Proceeds from the add-on will be used to redeem a portion of the Preferred Securities of Atlantic Broadband Group, LLC, repay all term loan A borrowings and reduce a portion of its revolver borrowings.

Atlantic Broadband is a Quincy, Mass., provider of digital video, high-speed internet and phone service.

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