Cable Bahamas continues Florida expansion with acquisition of two more cable operators

revadmin Company News, Press Releases 0 Comments

Today, Cable Bahamas Ltd announced that on 20th September 2013, following the successful completion its Senior Credit Facility refinancing, it had concluded the acquisitions of Marco Island Cable (MIC) and NuVu LLC (Nu Vu). The total cash consideration paid by Cable Bahamas to acquire MIC and Nu Vu was $10.1M and $12.6M respectively. The purchase was financed entirely with funds provided under the Senior Credit Facility.