Benzinga | Dec 9, 2021 09:45PM EST

WOW! Announces $730M Debt Refinancing

WOW! Internet, Cable & Phone ("WOW!") (NYSE:WOW) announced today that WideOpenWest Finance, LLC, a subsidiary of WOW!, has priced and allocated a new Credit Facility that is anticipated to close next week. At closing, the Credit Facility will consist of a new (i) term loan B in an aggregate principal amount of $730 million and (ii) a $250 million revolving credit commitment. Morgan Stanley Senior Funding, Inc. acted as the lead left arranger and joint Bookrunner together with KeyBanc Capital Markets Inc., BofA Securities, Inc., Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, Regions Capital Markets, A Division Of Regions Bank, Wells Fargo Securities, LLC and Manufacturers And Traders Trust Company. The new credit facility will mature in December 2028 and bear interest at a rate equal to SOFR plus 3.00%.