Cincinnati Bell amends loan, permitting $30 million revolver

By Sara Rosenberg

New York, Aug. 13 - Cincinnati Bell Inc. amended its credit facility, allowing for an up to $30 million revolving equipment and inventory financing facility, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The revolving equipment and inventory facility would result in a corresponding decrease in the credit agreement's permitted purchase money indebtedness basket to $70 million from $100 million.

In addition, the amendment allows for up to $75 million in sale-leaseback transactions with the company's data center facilities.

The amendment was completed on Aug. 12.

Bank of America is the administrative agent on the deal.

Cincinnati Bell is a Cincinnati-based provider of data and voice communications services and equipment, and wireless and long distance communications services.

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