CINCINNATI--(BUSINESS WIRE)--Jun. 26, 2009--
Cincinnati Bell Inc. (NYSE:CBB) today announced that it has amended and
extended its revolving credit facility through August 2012. The amended
revolving credit facility provides $210 million of funding capacity,
which the company will continue to use to fund seasonal working capital
requirements and other general corporate purposes as needed.
“Given current economic uncertainties, we are pleased with the favorable
response we received from our banking partners which enabled us to
refinance our debt prior to its 2010 maturity and increase the size of
the facility that we were originally contemplating,” said Gary
Wojtaszek, chief financial officer. “The three-year extension of our
revolver through August 2012 further strengthens the company’s balance
sheet and provides a high level of liquidity for our operations.”
Prior to this amendment, the company’s revolving credit facility
provided $250 million of funding capacity and was set to expire in
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell provides
integrated communications solutions—including local, long distance,
data, Internet, and wireless services—that keep residential and business
customers in Greater Cincinnati and Dayton connected with each other and
with the world.
In addition, businesses nationwide ranging in size from start-up
companies to large enterprises turn to Cincinnati Bell for efficient,
scalable office communications systems as well as complex information
technology solutions including data center and managed services.
Cincinnati Bell conducts its operations through three business segments:
Wireline, Wireless, and Technology Solutions. For more information,
Source: Cincinnati Bell Inc.
Cincinnati Bell Inc.
Kurt Freyberger, 513-397-1055