Moody’s gave a B1 rating to RCN’s proposed $125 million...
Moody’s gave a B1 rating to RCN’s proposed $125 million term loan. The cable operator plans to use the cash to pay a dividend to private-equity owners Abry Partners and Spectrum Equity, Moody’s said: “Despite RCN’s high leverage, the ability…
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to generate positive free cash flow from” its bundle of video, voice and data services “in densely populated markets supports its B1 corporate family rating."