Cincinnati Bell reduces revolver to $150 million, extends it to 2020

By Wendy Van Sickle

Columbus, Ohio, May 17 – Cincinnati Bell Inc. extended its credit agreement to Jan. 15, 2020 and reduced the revolving commitments thereunder to $150 million via a May 11 amendment, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement is originally dated Nov. 20, 2012, and Bank of America NA is the administrative agent.

Morgan Stanley Senior Funding, Inc., Citicorp North America, Inc., PNC Bank, NA, Regions Bank and Goldman Sachs Lending Partners, LLC are the joint lead arrangers and joint bookrunners, Citicorp is the syndication agent, and PNC Bank and Goldman Sachs are the co-documentation agents.

The fifth amendment to the credit agreement also modified some financial covenants and related definitions governing leverage ratios and capital expenditures.

Cincinnati Bell is a Cincinnati-based owner, operator and developer of enterprise-class, carrier-neutral data center properties.

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