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Cincinnati Bell Announces Final Results Of Tender Offers

Cincinnati Bell Inc. (NYSE:CBB) announced today the final results of its previously announced 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”). The Tender Offers expired at 11:59 p.m., New York City time, on November 27, 2012. 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.

The principal amounts of Notes listed in the table below have been validly tendered in connection with the Tender Offers:

                                 
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       $478,599,000

 

171871AL0

     

8.250% Senior

Notes due 2017

      2       $500,000,000       $382,697,000
                       

On November 20, 2012, Cincinnati Bell accepted for purchase approximately $91 million aggregate principal amount of its 2020 Notes. The 2020 Notes accepted for payment were all tendered on or prior to 5:00 p.m., New York City time on November 9, 2012 (the “Early Tender Date”).

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