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Cincinnati Bell Announces Tender Offers

Cincinnati Bell Inc. (NYSE:CBB) today announced that it has commenced cash tender offers (the “Tender Offers”) for its 8.375% Senior Notes due 2020 (CUSIP No. 171871AN6) (the “2020 Notes”) and its 8.25% Senior Notes due 2017 (CUSIP No. 171871AL0) (the “2017 Notes” and, together with the 2020 Notes, the “Notes”), subject to a maximum aggregate purchase price of $100,000,000 (the “Maximum Purchase Price”) on the terms set forth in the table below.

Title of Security and CUSIP Numbers   Outstanding Principal Amount   Acceptance Priority Level  

Base Offer Consideration  (1)(2)

 

Early Tender Premium  (1)

 

Total Offer Consideration  (1)(3)

8.375% Senior Notes due 2020

(CUSIP No. 171871AN6;

ISIN No. US171871AN65)

$775,000,000

1

$1,067.50

$30.00

$1,097.50

8.250% Senior Notes due 2017

(CUSIP No. 171871AL0;

ISIN No. US171871AL00)

$500,000,000 2

$1,067.50

$30.00

$1,097.50

(1)

 

Per $1,000 principal amount of Notes.

(2)

Calculated as the applicable Total Offer Consideration less the applicable Early Tender Premium.

(3)

Includes the applicable Early Tender Premium per $1,000 principal amount of Notes for each series of Notes.
 

The Tender Offers are being made upon the terms and conditions in the Offer to Purchase and related Letter of Transmittal dated October 29, 2012. The Tender Offers will expire at 11:59 p.m. (New York City time) on November 27, 2012, unless extended or terminated as described in the Offer to Purchase (such time and date, as they may be extended, the “Expiration Date”).

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