New York, April 24, 2014 -- Moody's Investors Service said that the announced plan of Grande Communications Networks LLC (Grande) to increase its first lien term loan by $55 million does not impact it B2 Corporate Family Rating (CFR), the B2 rating on its first lien credit facility, or the stable outlook. Moody's expects the company to use proceeds to fund a $48 million distribution to its equity sponsor ABRY Partners, pay fees and expenses, and provide some incremental cash to help fund Grande's expansion strategy.
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