Cogeco's U.S. subsidiary amends credit agreement

MONTREAL – Atlantic Broadband, a subsidiary of Cogeco, announced today that it has amended its existing credit agreement. As part of the amendment, the Massachusetts-based cable company has lowered the pricing for its Term A facility, Term B facility and revolving credit facility, and increased the size of its revolving credit facility by converting $50 million of the Term A loans into revolving credit commitments. The amount of Atlantic Broadband’s debts remains essentially unchanged. The applicable margin for the Term A facility and the revolving credit facility will be decreased to 2.375% with step downs (from a previous applicable margin...