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”).
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV