Time Warner Telecom closes on $200 million term loan at Libor plus 250 bps

New York, Nov. 3 - Time Warner Telecom Inc. said its Time Warner Telecom Holdings Inc. subsidiary completed a new $200 million five-year senior secured term loan B.

Interest is at Libor plus 250 basis points.

Wachovia, Morgan Stanley and Lehman Brothers were lead managers with Wachovia on the left.

The Littleton, Colo., provider of managed network services also amended its existing $100 million senior secured revolving credit facility due 2009.

Proceeds from the new term loan (B1/B) will be available for capital expenditures and to help fund the redemption of the company's 9¾% senior notes due 2008.

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