Waller Capital Advises Blue Ridge Cable on $35 Million Senior Financing from CoBank

New York, NY

Blue Ridge Cable Technologies, Inc., a subsidiary of Pencor Services, today announced the closing of a new $35,000,000 bank borrowing. The loan was made by CoBank ACB.

Blue Ridge is a leading cable television system operator based in Palmerton, Pennsylvania and serves approximately 175,000 video customers. Its customers are primarily located in growing suburban areas of eastern Pennsylvania (such as Wilkes-Barre, Scranton and Allentown) and receive triple play services over fully-upgraded, state-of-the-art cable plant. The proceeds will be used for general corporate purposes.

Waller Capital was Blue Ridge Cable’s exclusive financial advisor in the transaction.