WideOpenWest Finance withdraws $1.9 billion term loan B from market

By Sara Rosenberg

New York, Feb. 13 - WideOpenWest Finance LLC pulled its $1,915,000,000 six-year term loan B from the market, according to sources.

The term loan B was talked at Libor plus 350 basis points with a 1.25% Libor floor and a par offer price and had 101 soft call protection for six months.

Proceeds were going to be used to refinance an existing term loan B that is priced at Libor plus 500 bps with a 1.25% Libor floor.

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc. and RBC Capital Markets were the joint bookrunners on the deal.

WideOpenWest is a Denver-based provider of residential and commercial high-speed internet, cable television and telephone services.

© 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.