ENGLEWOOD, Colo.--(BUSINESS WIRE)--
WideOpenWest, Inc. (“WOW!” or the “Company”) (NYSE: WOW) announced today
that WideOpenWest Finance, LLC, a subsidiary of the Company, has entered
into a seventh amendment to its credit agreement with Credit Suisse AG,
as administrative agent, JPMorgan Chase Bank, N.A., as the revolver
agent, and the other parties thereto (the “Seventh Amendment”).
The Seventh Amendment (i) refinances the existing $200 million of
borrowings available to WOW! under the revolving credit facility, with
an additional $100 million of revolving credit facility borrowings to
become available upon compliance by WOW! with certain conditions and
(ii) extends the maturity date of the revolving credit facility to May
31, 2022, unless an earlier date is triggered under certain
circumstances. Loans under the revolving credit facility will bear
interest, at the option of WOW!, at a rate equal to ABR plus 2.00% or
LIBOR plus 3.00%. The guarantees, collateral and covenants in the
Seventh Amendment remain unchanged from those contained in the credit
agreement prior to the Seventh Amendment.
About WOW!
WOW! is one of the nation's leading providers of high-speed Internet,
cable TV and phone serving communities in the U.S. WOW!’s operating
philosophy is to deliver a customer and employee experience that lives
up to its name. For more information, please visit www.wowway.com.
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Source: WideOpenWest Inc.