Cincinnati Bell amendment pushes revolver up to $400 million

Chicago, Nov. 29 – Cincinnati Bell Inc. amended its credit facility with Goldman Sachs Bank USA, as administrative agent on Nov. 23, according to an 8-K filed with the Securities and Exchange Commission.

The amendment includes an increase to the company’s revolver of $125 million, to bring it up to $400 million.

Pricing on the revolver has changed to a range of SOFR plus 275 basis points to SOFR plus 300 bps.

The commitment fee is still between 37.5 bps and 50 bps.

The term loan B-1 was repriced to SOFR plus 325 bps to 350 bps.

As previously reported, the facility now includes a new $650 million term loan B-2 and an increased $500 million term loan B-1.

Goldman Sachs Bank USA, Regions Capital, Societe Generale, CoBank, MUFG are the joint lead arrangers and joint bookrunners.

Fifth Third Bank, PNC Bank, NA, First Financial Bank and First Hawaiian Bank are the co-managers.

Cincinnati Bell is a Cincinnati-based provider of integrated entertainment and communication services and IT solutions.

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