Knology to repay bank debt with some bond sale proceeds

By Sara Rosenberg

New York, Feb. 19 - Knology Inc. plans to repay debt under its secured credit facility with a portion of the proceeds from a proposed $280 million senior notes offering.

Remaining proceeds from the bond deal will be used to redeem outstanding 12% senior notes due 2009 and for general corporate purposes, according to a company news release.

Knology is a West Point, Ga., provider of interactive communications and entertainment services.

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