Moody’s has given a Baa3 rating to a new US$515m loan by US-based ISP Consolidated Communications.
S&P assigned BB- to the senior secured 2018 term loan that will be used to refinance a US$467m term loan maturing in 2014.
The remainder of the new…
Moody’s has given a Baa3 rating to a new US$515m loan by US-based ISP Consolidated Communications.
S&P assigned BB- to the senior secured 2018 term loan that will be used to refinance a US$467m term loan maturing in 2014.
The remainder of the new loan will be used to repay US$35m drawn from its US$50m revolver, used as part of its SureWest acquisition, along with other fees.
Illinois-based Consolidated closed the US$340m acquisition of SureWest in the summer.
Consolidated offers telephone, broadband and television services over its IP network.
