Mike Farrell -- Multichannel News, 10/30/2009 10:35:33 AM
Alaskan MSO General Communication Inc., priced a $425 million debt offering late Thursday that will be used to retire its outstanding senior secured credit facility and for general corporate purposes.
The offering of 8.625% Senior Notes due 2019, made through its wholly-owned subsidiary GCI Inc., is expected to close on Nov. 3, subject to customary closing conditions.
The transaction was led by Deutsche Bank, with RBC Capital Markets, Calyon Securities and Morgan Stanley acting as joint bookrunners.
GCI is the top provider of video, voice and data service in Alaska, and boasts a 70% share of the consumer broadband market in the state.
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The Association of Cable Communicators headed
west from Washington, D.C., to Denver as its 2009 Forum and Beacon Awards ceremony became
part of Cable Connections-Fall festivities.
HBO Sports senior vice president Mark Taffet discusses the PPV performance prospects for the Sept. 19 Floyd Mayweather Jr.-Juan Manuel Marquez boxing event as well as the network's PPV fight schedule for the rest of the year during a recent interview with Multichannel News.
