Lenders to Radiate Extend Pact Until Loan Maturity in 2026

Some first-lien lenders to Radiate Holdco, also known as Astound Broadband, have signed a cooperation agreement that runs through the maturity of the company’s roughly $3.3 billion term loan due 2026, according to people familiar with the matter.

• That’s in part to bind creditors to act as a unit in light of the liability management transactions that have pitted lenders against each other in the market, said the people who asked not to be identified discussing private details
• The cable provider’s first quarter revenue and earnings were down by high single digits, said some of the people
• Paul Weiss, ...