15.07.2013 21:28:00
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Puerto Rico Cable Acquisition Company Inc -- Moody's assigns B2 CFR to Choice Cable
New York, July 15, 2013 -- Moody's Investors Service assigned a B2 corporate family rating and a B3-PD probability of default rating to Puerto Rico Cable Acquisition Company, Inc. (Choice Cable). Moody's also assigned a B2 rating to its proposed first lien credit facility, consisting of a $15 million revolver and a $155 million term loan. Choice Cable expects to use proceeds to refinance existing debt and to fund an approximately $55 million distribution to its equity sponsors.