Atlantic Broadband Finance LLC 'B+' Rating Affirmed; Senior Secured Debt Assigned 'B+' Rating - S&P Global Ratings’ Credit Research

Atlantic Broadband Finance LLC 'B+' Rating Affirmed; Senior Secured Debt Assigned 'B+' Rating

Atlantic Broadband Finance LLC 'B+' Rating Affirmed; Senior Secured Debt Assigned 'B+' Rating - S&P Global Ratings’ Credit Research
Atlantic Broadband Finance LLC 'B+' Rating Affirmed; Senior Secured Debt Assigned 'B+' Rating
Published Nov 08, 2010
Published Nov 08, 2010
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We are assigning our 'B+' issue-level rating and '3' recovery rating to U.S. cable TV provider Atlantic Broadband Finance LLC's proposed senior secured credit facilities. We are also affirming our 'B+' corporate credit rating on the company. The stable outlook is based on our expectations for continued meaningful free cash flow generation. NEW YORK (Standard&Poor's) Nov. 8, 2010--Standard&Poor's Ratings said today it assigned its 'B+' issue-level rating and '3' recovery rating to Quincy, Mass.-based cable TV provider Atlantic Broadband Finance LLC's proposed $600 million secured credit facility. The proposed facility consists of a $25 million four-year revolving credit facility and a $575 million five-year term loan B. The '3' recovery rating indicates our expectation for meaningful

  
Report Type:

Ratings Action

Ticker
239207Z
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Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Atlantic Broadband Finance LLC 'B+' Rating Affirmed; Senior Secured Debt Assigned 'B+' Rating" Nov 08, 2010. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Atlantic-Broadband-Finance-LLC-B-Rating-Affirmed-Senior-Secured-Debt-Assigned-B-Rating-830451>
  
APA:
S&P Global Ratings’ Credit Research. (). Atlantic Broadband Finance LLC 'B+' Rating Affirmed; Senior Secured Debt Assigned 'B+' Rating Nov 08, 2010. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Atlantic-Broadband-Finance-LLC-B-Rating-Affirmed-Senior-Secured-Debt-Assigned-B-Rating-830451>
  
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