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WideOpenWest to launch $250 million add-on term loan on Tuesday
By Sara Rosenberg
New York, Jan. 11 - WideOpenWest is scheduled to hold a call on Tuesday to launch a $250 million first-lien add-on term loan on Tuesday, according to a market source.
Credit Suisse is the lead bank on the deal.
Price talk on the term loan is Libor plus 650 basis points with no original issue discount, the source said.
Proceeds will be used to fund an acquisition.
WideOpenWest is a Denver-based provider of bundled services that include high speed internet, cable television and telephone services.
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