Moody's: Puerto Rico Cable loans B2

Moody's Investors Service said it assigned a B2 corporate family rating and a B3-PD probability of default rating to Puerto Rico Cable Acquisition Co., Inc.

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.

The company expects to use proceeds to refinance existing debt and to fund a roughly $55 million distribution to its equity sponsors.

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