Blue Ridge Cable Announces $20,000,000 Private Placement

New York, NY

Waller Capital announced the August 30 closing of a $20,000,000 placement of Senior Unsecured Notes for Blue Ridge Cable Technologies, a subsidiary of Pencor Services. The proceeds will be used to complete the upgrade of all of Blue Ridge’s cable systems, all of which are located in Pennsylvania. The investor was Metropolitan Life Insurance Co. Waller Capital advised Blue Ridge Cable in the transaction.

The investment represents Waller Capital’s continued ability to help its clients develop strategic options and raise funding, even in the most challenging capital market environments. In the last 18 months, Waller Capital has closed transactions totaling over $1.5 billion, including the sale of GS Communications, advising Block Communications on its $200 million debt offering and the divestiture of certain AT&T Broadband assets.

For more information contact:
Garrett Baker
Vice President
Waller Capital Corporation
(212) 632-3600