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WideOpenWest talks $383 million Libor plus 350 bps add-on term loan B at 99.51
By Paul A. Harris
Portland, Ore., May 2 – WideOpenWest Finance, LLC talked a $382.5 million add-on to its Libor plus 350 basis points first-lien term loan B due April 1, 2019 at 99.51 on a Monday lender call, according to a market source.
There is a 1% Libor floor.
Commitments are due at noon ET on Thursday.
Morgan Stanley Senior Funding, Inc. and SunTrust Robinson Humphrey Inc. are the joint lead arrangers and joint bookrunners.
The loan comes with no call protection.
Credit ratings remain to be determined.
The Denver-based provider of data, video and telephone services plans to use the proceeds to repay its term loan B-1.
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