Bragg Communications, the parent company of Canadian cable operator EastLink, has finalised terms on a new credit facility, involving a C$1.3bn term loan A, a US$300m term loan B and a C$150m revolver, according to an IFR report.
The term loan A…
Bragg Communications, the parent company of Canadian cable operator EastLink, has finalised terms on a new credit facility, involving a C$1.3bn term loan A, a US$300m term loan B and a C$150m revolver, according to an IFR report.
The term loan A reportedly has a five-year maturity, while the term loan B will mature in six years.
IFR reported that TD Securities, part of Toronto Dominion Bank, is the left-lead bookrunner, while BMO, CIBC and Royal Bank of Canada (RBC) are co-leads and joint bookrunners.
A Bragg Communications spokeswoman declined to comment.
