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Cincinnati Bell Amends and Extends Revolving Credit Facility


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 February 2010.

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, visit

Source: Cincinnati Bell Inc.

Cincinnati Bell Inc.
Kurt Freyberger, 513-397-1055