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Paul Hastings LLP, a leading global law firm, announced today that the firm acted as special communications counsel to Bank of America Merrill Lynch (BAML) in connection with its role as sole lead arranger for the committed debt financing of, telecommunications corporation, Cogeco Cable Inc.’s agreement to acquire Atlantic Broadband, an independent cable system operator serving about 252,000 basic video customers providing Analog and Digital Video, as well as High Speed Internet (HSI) and telephony services.

Paul Hastings advised on media and communications industry and regulatory issues in connection with the financing of the transaction, which consists of a $550 million draw-down on Cogeco Cable’s existing revolving term facility and $660 million of borrowings under committed non-recourse debt financing at Atlantic Broadband. The closing of the deal is subject to regulatory approval and expected by the end of 2012.

Media partner Eric Greenberg and senior associate Matthew Gibson led the Paul Hastings team.

www.paulhastings.com
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