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Cincinnati Bell to partially repay term facility debt via new notes
By Tali Rackner
Norfolk, Va., Dec. 15 – Cincinnati Bell Inc. plans to repay a portion of the debt outstanding under its senior secured tranche B term loan facility with the proceeds from an upsized $200 million 7% add-on senior note offering, according to a notice.
The additional $50 million of notes, upsized from $150 million, will go directly toward the repayment.
Cincinnati Bell is a Cincinnati-based owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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