OneLink Takes Out Loans

Puerto Rico’s San Juan Cable (OneLink), a cable television provider, will take out a $25m revolver due May 2016, a $345m term loan due May 2017, and a $150m term loan due May 2018, according to a Moody’s release. The company would not comment on pricing or say which banks are providing the loans. The loans will be used together with cash on hand to repay the company’s existing debt and to fund an approximately $25m distribution to its equity holders.