US telco TW Telecom has closed its US$480m senior note offering announced last week.
Credit Suisse was the lead-left bookrunner, and Wells Fargo the right bookrunner. Co-managers were Sun Trust, UBS and Morgan Stanley. The notes priced at par.
The…
US telco TW Telecom has closed its US$480m senior note offering announced last week.
Credit Suisse was the lead-left bookrunner, and Wells Fargo the right bookrunner. Co-managers were Sun Trust, UBS and Morgan Stanley. The notes priced at par.
The Colorado-based firm is issuing the bond through its wholly-owned subsidiary TW Telecom Holdings.
The proceeds from the 5.375% senior notes will be used to settle the conversion obligations for its 2.375% convertible senior debentures due 2026. Any net proceeds not used for this will be used for general corporate purposes.
TW offers local and long-distance voice, VoIP, Ethernet and internet services to business clients and other carriers.
