In Brief: Chase Leads Credit for Cable TV Buyout

Chase Manhattan Bank led an $800 million credit facility for Frontier Vision Operating Partners LP.

The funds were used to back the Denver-based company's acquisition of cable television systems from Cox Communications Inc. That deal closed last Tuesday. The funds were also used to refinance and replace a $265 million senior credit facility. J.P. Morgan Securities Inc. is syndication agent on the loan, and CIBC Inc. is documentation agent. J.P. Morgan led a $237 million bond offering in August for the company.

The company now owes $430 million under the new credit facility; the remaining funds are expected to be used for continued acquisitions.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER