Cebridge Refi Brings Down Debt

The term loan "B" for St. Louis-based cable provider Cebridge Connections, now known as Suddenlink and owned by investment and management firm Cequel III, has slowly fallen about a point on news it is refinancing its existing debt.

  • 30 Mar 2007
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The term loan "B" for St. Louis-based cable provider Cebridge Connections, now known as Suddenlink and owned by investment and management firm Cequel III, has slowly fallen about a point on news it is refinancing its existing debt. The term loan was bid at 99 3/4 and offered at par last Wednesday afternoon, according to a dealer. The upsized seven-and-a-half year, $2.325 billion refinanced credit is being cut 25 basis points to LIBOR plus 2%, with an original issue discount of 99 3/4 and 101 soft call protection for 18 months.

Investors indulged in the initial $2.2 billion credit in April 2006 (CIN, 4/10). Led by Credit Suisse and Goldman Sachs, the existing $2.1 billion term loan is currently priced at LIBOR plus 2 1/4% (5/8). Cebridge tapped the banks last May to finance its acquisition of assets from Charter Communications and Cox Communications. Ralph Kelly, treasurer, declined comment.

  • 30 Mar 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%