Massachusetts-based Atlantic Broadband is looking for a $555 million term loan, Bloomberg reports. The cable television and high-speed data provider, owned by ABRY Partners and Oak Hill Capital Management, will use the loan to cut borrowing costs on debt raised in November 2011. Credit Suisse and SunTrust Banks are arranging the loan that will mature in five years. The company will offer an interest rate 3 percentage points more than the London interbank offered rate.
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