Telecommunications Management, LLC -- Moody's says NewWave's ratings, including B3 CFR, unchanged by proposed acquisition

New York, May 31, 2013 -- Moody's Investors Service said that the proposed acquisition of Cable Management Associates (CMA) for approximately $50 million does not impact the B3 corporate family of Telecommunications Management, LLC (NewWave). NewWave plans to finance the transaction with a $55 million add-on to its first lien term loan. The B2 rating on the first lien and the Caa2 rating on the second lien remain unchanged as well, as the transaction does not materially impact the mix of debt capital. CMA is an incumbent cable provider operating primarily in eastern Texas and northern Louisiana, with limited operations in Mississippi and Nevada.

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