Bulletin: Cogeco Communications Inc.'s U.S. Subsidiary?s US$1.15 Billion Acquisition Keeps Credit Metrics In Line With Ratings - S&P Global Ratings’ Credit Research

Bulletin: Cogeco Communications Inc.'s U.S. Subsidiary?s US$1.15 Billion Acquisition Keeps Credit Metrics In Line With Ratings

Bulletin: Cogeco Communications Inc.'s U.S. Subsidiary?s US$1.15 Billion Acquisition Keeps Credit Metrics In Line With Ratings - S&P Global Ratings’ Credit Research
Bulletin: Cogeco Communications Inc.'s U.S. Subsidiary?s US$1.15 Billion Acquisition Keeps Credit Metrics In Line With Ratings
Published Jul 13, 2021
2 pages (1254 words) — Published Jul 13, 2021
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Abstract:

TORONTO (S&P Global Ratings) July 13, 2021--S&P Global Ratings said today that Cogeco Communications Inc.'s announcement that its U.S. subsidiary, Atlantic Broadband (ABB; Cogeco Communications (USA) Inc.; BB/Stable/--), will pay US$1.15 billion for Ohio cable assets of WideOpenWest (WOW) is credit neutral. Cogeco (BB+/Stable/--) said that ABB entered a definitive agreement with publicly traded cable communications company WOW to purchase cable assets that provide internet, video, and telephony services to residential and business customers in the Cleveland and Columbus regions of Ohio. The transaction will be funded with about US$900 million in term loan B debt (issued at ABB) and US$225 million of cash on hand. We anticipate consolidated adjusted debt to EBITDA on a pro forma basis will increase

  
Report Type:

Bulletin

Ticker
CCA@CN
Issuer
Cogeco Communications Inc.
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Cogeco Communications Inc.'s U.S. Subsidiary?s US$1.15 Billion Acquisition Keeps Credit Metrics In Line With Ratings" Jul 13, 2021. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Cogeco-Communications-Inc-s-U-S-Subsidiary-s-US-1-15-Billion-Acquisition-Keeps-Credit-Metrics-In-Line-With-Ratings-2687002>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Cogeco Communications Inc.'s U.S. Subsidiary?s US$1.15 Billion Acquisition Keeps Credit Metrics In Line With Ratings Jul 13, 2021. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Cogeco-Communications-Inc-s-U-S-Subsidiary-s-US-1-15-Billion-Acquisition-Keeps-Credit-Metrics-In-Line-With-Ratings-2687002>
  
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