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Tw Telecom Holdings Inc. Announces Completion Of Its Tender Offer For 8% Senior Notes Due 2018

Stocks in this article: TWTC

LITTLETON, Colo., Sept. 10, 2013 /PRNewswire/ --  tw telecom inc. (NASDAQ: TWTC) today announced that its subsidiary tw telecom holdings inc. (the "Company") had completed its previously announced tender offer for any and all of the Company's outstanding 8% Senior Notes due 2018 (the "Notes"), pursuant to the terms and conditions set forth in the Company's Offer to Purchase and Consent Solicitation Statement dated August 12, 2013 (the "Offer to Purchase") and the related Letter of Transmittal and Consent (the "Letter of Transmittal").  The tender offer expired at 11:59 p.m., New York City time, on Monday, September 9, 2013 (the "Expiration Time").


As previously announced, on August 26, 2013 the Company purchased approximately $406.2 million in aggregate principal amount of the Notes that were validly tendered and not withdrawn by 5:00 p.m., New York City time, on August 23, 2013 (the "Consent Time"). The Company purchased such Notes for the total consideration of $1,077.79 per $1,000 principal amount of Notes, plus accrued and unpaid interest.

The Company has today received and accepted for purchase approximately $0.3 million in aggregate principal amount of the Notes validly tendered and not withdrawn subsequent to the Consent Time and prior to the Expiration Time. The Company has purchased such Notes for the tender offer consideration of $1,047.79 per $1,000 principal amount of Notes, plus accrued and unpaid interest. Following the completion of the tender offer, approximately $23.5 million in aggregate principal amount of the Notes remain outstanding, or approximately 5.46% of the $430 million in aggregate principal amount of the Notes outstanding prior to the commencement of the tender offer.

Credit Suisse Securities ( USA) LLC and Morgan Stanley & Co. LLC served as the dealer managers and solicitation agents, and SunTrust Robinson Humphrey, Inc. and RBC Capital Markets, LLC served as co-managers, for the tender offer and the consent solicitation. Questions regarding the tender offer and the consent solicitation may be directed to Credit Suisse Securities ( USA) LLC, Liability Management Group, at (800) 820-1653 (U.S. toll-free) and (212) 325-5912 (collect).

This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to the Notes or any other securities. The tender offer and the consent solicitation were made solely pursuant to the Offer to Purchase and the Letter of Transmittal, which set forth the complete terms of the tender offer and the consent solicitation.

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