Cincinnati Bell calls last $84.58 million of 8 3/8% notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Sept 22 – Cincinnati Bell Inc. called for redemption the $84.58 million of its 8 3/8% senior notes due 2020 that remain outstanding after conclusion of a recent tender offer for the notes, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company will redeem the notes on Oct. 24 at a price of 102.792 plus accrued interest to the redemption date.

As previously reported, holders tendered and the company accepted $312.52 million of the $397.1 million of notes in a tender offer that opened on Sept. 13 and ended on Monday. The company paid 103.25 plus accrued interest for those notes. Settlement occurred on Thursday.

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

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