Regional US telephony services provider Cincinnati Bell has announced that two of its wholly-owned units are planning to offer a total US$500m of senior notes due 2022.
Data centre services provider CyrusOne and CyrusOne Finance Corp are planning to…
Regional US telephony services provider Cincinnati Bell has announced that two of its wholly-owned units are planning to offer a total US$500m of senior notes due 2022.
Data centre services provider CyrusOne and CyrusOne Finance Corp are planning to issue the debt to repay related party notes payable to their parent company.
Cincinnati Bell will use the proceeds to redeem an outstanding 7% bond due 2015, other notes due 2023, and finance a tender offer for a portion of 8.25% notes due 2017 and 8.375% notes due 2020.
Barclays Capital and Morgan Stanley are deal managers for the tender offers.
Headquartered in Cincinnati, Ohio, the group also has operations in nearby suburbs in Indiana and Kentucky.
