WideOpenWest Finance launches $1.9 billion term loan B to investors

By Sara Rosenberg

New York, Jan. 30 - WideOpenWest Finance LLC held a call at 11 a.m. ET on Wednesday to launch a new $1.915 billion six-year term loan B, according to sources.

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

The term loan B is talked at Libor plus 350 basis points with a 1.25% Libor floor and a par offer price, the source said.

Included in the loan is 101 soft call protection for six months.

Proceeds will be used to refinance an existing term loan B.

In 2012, the company got a $1.92 billion term loan B at pricing of Libor plus 500 bps with a 1.25% Libor floor.

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

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