Paul Hastings Advises BAML as Special Counsel in Financing of Cogeco Cable Inc's Acquisition of Atlantic Broadband
Washington, D.C. (July 18, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm acted as special communications counsel to Bank of America Merrill Lynch (BAML) in connection with its role as sole lead arranger for the committed debt financing of, telecommunications corporation, Cogeco Cable Inc.s agreement to acquire Atlantic Broadband, an independent cable system operator serving about 252,000 basic video customers providing Analog and Digital Video, as well as High Speed Internet (HSI) and telephony services.
Paul Hastings advised on media and communications industry and regulatory issues in connection with the financing of the transaction, which consists of a $550 million draw-down on Cogeco Cables existing revolving term facility and $660 million of borrowings under committed non-recourse debt financing at Atlantic Broadband. The closing of the deal is subject to regulatory approval and expected by the end of 2012.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.