Atlantic Broadband plans $150 million 10-year deal via Merrill Lynch

By Paul A. Harris

St. Louis, Jan. 13 - Atlantic Broadband Finance LLC is expected to sell $150 million of senior subordinated notes due 2014 (Caa1), market sources said.

Merrill Lynch & Co. is the bookrunner.

No timing has been heard on the offering, the sources added.

Proceeds from the deal will be used to fund the acquisition of cable TV assets from Charter Communications.

ABRY Partners, a Boston private equity fund, is the equity sponsor.

The Quincy, Mass.-based company is a multiple system cable operator.

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