Cable Satisfaction Completes $589M Financing

Cable Satisfaction International Inc. (CSii), which builds and operates broadband hybrid fiber-optic coaxial (HFC) networks, announced on March 21, 2000 that it had concluded a $589 million financing that consisted of a US$155 million cross-border senior notes offering and the establishment of a $260 million euro credit facility. The funding will be used to develop regional HFC networks and a national fibre-optic backbone for CSii's Portugese subsidiary, Cabovisao.

The lead underwriter for the cross-border senior notes offering was TD Securities (USA) Inc. and co-managers were BNP Paribas Group and ING Barings. Lenders under the credit facility include the Toronto-Dominion Bank Europe (UK) Limited, Caixa Geral de Depositos S.A. and Paribas.

Lavery, de Billy in Montreal acted for CSii on the financing with a team comprised of René Branchaud, Michel Servant and Larry Markowitz (Corporate and Securities), Pierre Denis (Banking) and Réal Favreau (Tax). Ted Maynard and Dan Miller of Paul, Weiss, Rifkind, Wharton & Garrison in New York provided US legal advice to CSii. Rohan Weerasinghe and Tom Friedmann of Shearman & Sterling (New York) acted as counsel to the underwriters under the cross-border senior notes offering, while Nicola Wherity of Clifford Chance LLP (London, England) acted as counsel to the lenders under the credit facility.


Edwin S. Maynard Nicola Wherity Larry Markowitz Michel Servant Rohan S. Weerasinghe Réal Favreau René Branchaud


Lavery, de Billy, L.L.P. Shearman & Sterling LLP Clifford Chance Rogers & Wells LLP Paul, Weiss, Rifkind, Wharton & Garrison LLP