Cincinnati Bell Announces Early Results Of Tender Offers
Cincinnati Bell Inc. (NYSE:CBB) today announced that as of 5:00 p.m., New York City time, on November 9, 2012 (the “Early Tender Date”), the principal amounts listed in the table below of 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”) had been tendered in connection with its previously announced cash tender offers for up to a maximum aggregate purchase price of $100,000,000 (the “Maximum Purchase Price”) of outstanding Notes.
| CUSIP Number | Title of Security | Acceptance Priority Level | Outstanding Principal Amount Prior to Early Tender Date | Principal Amount Tendered | ||||
| 171871AN6 | 8.375% Senior Notes due 2020 | 1 | $775,000,000 | $475,817,000 | ||||
| 171871AL0 | 8.250% Senior Notes due 2017 | 2 | $500,000,000 | $379,482,000 |
The terms and conditions of the tender offers are described in the Offer to Purchase and related Letter of Transmittal, dated October 29, 2012, distributed to holders of the Notes. Payments of the consideration for the Notes validly tendered on or before the Early Tender Date and accepted for purchase are expected to be made on or about November 20, 2012.
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