Insight Communications to call 10½%, some 9¾% notes of Insight Midwest

By Laura Lutz

Des Moines, Sept. 11 - Insight Communications plans to redeem all of Insight Midwest's 10½% senior notes due 2010 and a portion of its 9¾% senior notes due 2009.

Insight Communications will fund the redemption with a refinancing increased term and revolving credit facilities totaling $2.575 billion.

Closing of the credit facilities is expected in early October.

Bank of America Securities LLC and J.P. Morgan Securities Inc. will arrange and syndicate the refinancing.

Insight Communications is a cable operator based in New York City.

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