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WideOpenWest launches $400 million term B-1 at Libor plus 275-300 bps
By Sara Rosenberg
New York, Nov. 18 - WideOpenWest Finance LLC held a call at 1 p.m. ET on Monday to launch a $400 million term loan B-1 due July 2017 with talk of Libor plus 275 basis points to 300 bps with a 0.75% Libor floor and a par offer price, according to sources.
The loan has 101 soft call protection through April 1, sources said.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to refinance/reprice the existing term loan B-1 from Libor plus 325 bps with a 1% Libor floor.
WideOpenWest is a Denver-based provider of residential and commercial high-speed internet, cable television and telephone services.
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