Moody’s gave a B1 rating to RCN’s proposed $125 million term loan...
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…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
ability 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.”