...NEW YORK (S&P Global Ratings) July 27, 2017--S&P Global Ratings today assigned its '##-' issue-level rating and '3' recovery rating to Cogeco Communications (USA) II L.P.'s proposed $1.7 billion first-lien term loan due in 2025. We also assigned our '##-' issue-level rating and '3' recovery rating to Atlantic Broadband Finance LLC's and Cogeco Communications (USA) II L.P.'s (co-borrowers and subsidiaries of Cogeco Communications (USA) Inc.) $150 million revolving credit facility due in 2023. The '3' recovery rating indicates our expectation of meaningful recovery (50%-70%; rounded estimate: 50%) recovery for secured lenders in the event of a payment default. The new revolving credit facility will replace the existing $150 million facility due in 2019. The new $1.7 billion first-lien term loan, along with a $315 million investment from Caisse de dTp(t et placement du QuTbec (CDPQ), $50 million of revolver borrowings, and about $5 million of cash on hand, will be used to finance the $1.4...
