Cincinnati Bell Calls For $500M Notes Offering

Law360, New York (September 30, 2009, 1:10 PM EDT) -- Telecommunications provider Cincinnati Bell Inc. offered the public $500 million in senior unsecured notes due 2017 on Wednesday in order to generate funds to fully redeem notes due in 2013.

Ohio-based Cincinnati Bell will use the proceeds of the offering to call in almost $440 million of 7.25 percent senior notes due 2013 under an optional redemption provision of the original note agreement, according to a prospectus filed with the U.S. Securities and Exchange Commission.

The funds will also cover interest and a call premium on...
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