New York, July 14, 2015 -- Moody's Investors Service says Harron Communications, L.P. ("Harron") recently announced the sale of its Connecticut cable systems for roughly $200 million. The company also plans to pay a total of $120 million in dividends including $50 million that was paid on July 2, 2015 and funded with revolver advances plus another $70 million upon closing of its proposed amendment. Remaining net proceeds and balance sheet cash will be used to fully repay $83.6 million of outstanding Term Loan B advances. The divestiture in combination with the dividend is credit negative, but does not have an immediate impact on its B2 Corporate Family Rating or the stable outlook.

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