Cincinnati Bell plans to offer $400 million of senior subordinated notes due 2018
By APWednesday, March 10, 2010
Cincinnati Bell plans $400M notes offering
CINCINNATI — Regional telephone company Cincinnati Bell Inc. said Wednesday that it plans to publicly offer $400 million worth of senior subordinated notes due in 2018.
The company said it will use any proceeds with existing cash to redeem $375 million worth of outstanding 8 3/8 percent senior subordinated notes that are due in 2014 and pay related expenses like interest.
Banc of America Securities LLC will serve as its lead bookrunning manager for the offering.
Cincinnati Bell shares rose 3 cents to $3.22 in afternoon trading.
YOUR VIEW POINT
