WideOpenWest extends $180 million of revolver by nearly three years

By Wendy Van Sickle

Columbus, Ohio, July 6 – WideOpenWest Finance, LLC extended the maturity of most of its revolving credit facility on Wednesday, according to an 8-K filed with the Securities and Exchange Commission.

The company has $200 million available under the facility that was set to mature July 17, 2017. Under the new amendment, the maturity date for $180 million of availability is extended until July 1, 2020, provided that two conditions are met:

• The company must have no term B loans outstanding as of Jan. 1, 2019; and

• Any indebtedness incurred to refinance the term B loans must have a maturity date no earlier than Sept. 30, 2020.

If either of those conditions is not met, the revolver will mature on Jan. 1, 2019.

This is the fourth amendment to the credit agreement dated July 17, 2012.

Credit Suisse Securities (USA) LLC acted as lead arranger and Credit Suisse AG served as administrative agent.

WideOpenWest is a Denver-based provider of data, video and telephony services.

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