WideOpenWest firms $730 million term loan B at 99.5 OID

By Sara Rosenberg

New York, Dec. 8 – WideOpenWest Finance LLC (WOW!) finalized the original issue discount on its $730 million covenant-lite first-lien term loan B due December 2028 (B1/BB) at 99.5, the tight end of the 99 to 99.5 talk, according to a market source.

Pricing on the term loan remained at SOFR plus 300 basis points with a 0.5% floor. The loan does not have CSA.

Included in the term loan is 101 soft call protection for six months and amortization of 1% per annum.

Morgan Stanley Senior Funding Inc., KeyBanc Capital Markets, BofA Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Regions Bank, Wells Fargo Securities LLC and M&T Bank are the joint lead arrangers and bookrunners on the deal. Morgan Stanley is the administrative agent.

Proceeds will be used to refinance an existing term loan B and pay related fees and expenses.

WideOpenWest is an Englewood, Colo.-based broadband services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.