Case Summary: American Broadband

American Broadband

Crystal participated in a $225MM Senior Secured Term Loan

Overview

Founded in 2001, American Broadband (“ABB”) is one of the leading operators of rural ILEC’s and cable TV systems in communities throughout Alaska, Nebraska, Missouri, Texas and Louisiana. They focus on providing quality and reliable telecommunications services to the over 32,000 residential and commercial customers they serve.

Situation

ABB wanted to refinance their existing debt and sought to raise additional capital to buyout a minority shareholder.

Solution

Crystal participated in a $225MM Senior Secured Term Loan agented by Silver Point Finance.