Pencor Services Subsidiary Places $25,000,000 In Debt Financing

New York, NY

Waller Capital announced the June 29 closing of the placement of $25,000,000 in Senior Unsecured Notes for Blue Ridge Cable Technologies, a subsidiary of Pencor Services. The investor was TIAA-CREF. Waller Capital advised Pencor in the placement.

The sale is a continuation of a successful Year 2000 where Waller Capital completed over 20 transactions in the cable, wireless, telephony and internet sectors. In addition to Blue Ridge advisory role, highlights from the past year include advising Centennial Communications in the sale of certain cellular licenses to Western Wireless for over $200 million and representing GS Communications in its sale of approximately 125,000 cable subscribers to Adelphia Communications.

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