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Phone: 212.701.3614
Fax: 212.378.2410
ltellefsen@cahill.com

Legal News

Cahill Represents Financing Sources in Connection with the Acquisitions of RCN and Grande Communications by TPG

Date: 02/01/17

Cahill represented Credit Suisse, as administrative agent, and Credit Suisse, UBS, Morgan Stanley and Deutsche Bank, as joint lead arrangers, in connection with a $1,425,000,000 term loan and a $150,000,000 revolving credit facility for Radiate HoldCo, LLC. Proceeds from the facility were used in connection with the acquisitions of RCN and Grande Communications by affiliates of TPG Capital, L.P. and certain co-investors, as well as for general corporate purposes. The transaction combines the two companies into the seventh largest U.S. cable company and a market-leading provider of next-generation, high-speed data services for residential and business customers in six states.

Cahill also represented UBS, Credit Suisse, Deutsche Bank and Morgan Stanley, as joint book-running managers, in an offering of $400,000,000 aggregate principal amount of 6.625% Senior Notes due 2025 by Radiate HoldCo, LLC and Radiate Finance, Inc. Proceeds were also used in connection with the acquisitions.