Waller Capital Advises Blue Ridge Cable on $25 million Private Placement

Palmerton, PA

Waller Capital announced the closing of a $25,000,000 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 100% of Blue Ridge’s cable systems, all of which are located in Pennsylvania. Waller Capital advised Blue Ridge Cable in the capital raise, which was invested by Metropolitan Life Insurance Co. This private placement represents the 7th transaction Waller Capital has completed on behalf of Blue Ridge since 1996.

The investment highlights Waller Capital’s continued ability to help its clients develop strategic options and raise capital. During the last 2 years, Waller Capital has closed transactions totaling over $1.0 billion, including the sale of Centennial Communications’ Puerto Rican cable properties, advising RFB Cellular on its sale out of bankruptcy and the divestiture of certain Citizens Communications assets.