WideOpenWest, Inc. (“WOW!”) (NYSE: WOW) subsidiary WideOpenWest Finance, LLC has entered into a seventh amendment to its credit agreement with Credit Suisse AG, as administrative agent, JPMorgan Chase Bank, N.A., as the revolver agent, the company said.
The Seventh Amendment (i) refinances the existing USD 200 million of borrowings available to WOW! under the revolving credit facility, with an additional USD 100 million of revolving credit facility borrowings to become available upon compliance by WOW! with certain conditions and (ii) extends the maturity date of the revolving credit facility to May 31, 2022, unless an earlier date is triggered under certain circumstances.
Loans under the revolving credit facility will bear interest, at the option of WOW!, at a rate equal to ABR plus 2.00% or LIBOR plus 3.00%. The guarantees, collateral and covenants in the Seventh Amendment remain unchanged from those contained in the credit agreement prior to the Seventh Amendment.
WOW! is one of the nation´s leading providers of high-speed Internet, cable TV and phone serving communities in the US WOW!´s operating philosophy is to deliver a customer and employee experience that lives up to its name.