Atlantic Broadband pushes out some term loan and revolver maturities

By Sara Rosenberg

New York, June 9 - Atlantic Broadband Finance LLC amended its credit facility, extending the maturity of some term loan debt and some revolver commitments, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Through the amendment, the company extended $325 million of its term loans to June 2013 from September 2011. About $118.8 million of the term loan was not extended.

Pricing on the extended term loans is Libor plus 475 basis points with a 2% Libor floor.

In addition, the company extended about $40 million of revolving credit commitments to March 1, 2012 from March 1, 2010.

Pricing on the extended revolver was also increased to Libor plus 475 bps with a 2% Libor floor, and the commitment fee was raised to 100 bps.

The amendment was completed on June 8.

Société Générale is the administrative agent on the deal.

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

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