WideOpenWest pulls $2.15 billion term loan debt from primary market

By Sara Rosenberg

New York, Feb. 16 – WideOpenWest Finance LLC withdrew its $90 million incremental first-lien term loan due August 2023 and the repricing of its $2.06 billion first-lien term loan due August 2023 from market, according to a source.

Price talk on the term loan debt had been Libor plus 300 basis points with no Libor floor and a par issue price, and the debt included 101 soft call protection for six months.

Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc. and SunTrust Robinson Humphrey Inc. were the lead banks on the deal (B1).

The incremental loan would have been used to pay down unsecured notes, and the repricing would have taken the existing term loan down from Libor plus 350 bps with a 1% Libor floor.

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

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