Investors complete buyout of Suddenlink

11/21/2012 | Multichannel News

Suddenlink Communications founder, Chairman and CEO Jerry Kent and his executive team, along with a private-equity group and a Canadian pension fund, have finalized their buyout of the cable provider that values Suddenlink at $6.6 billion. The deal includes $2 billion in equity from BC Partners, the CPP Investment Board and Suddenlink management, incremental debt of $500 million and other net liabilities.

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