US-based ISP Consolidated Communications has priced US$300m senior notes that it will use to finance its US$340m purchase of SureWest.
The eight-year notes carry a coupon of 10.875% and priced at 99.345 to yield 10.947%. Interest on the notes is…
US-based ISP Consolidated Communications has priced US$300m senior notes that it will use to finance its US$340m purchase of SureWest.
The eight-year notes carry a coupon of 10.875% and priced at 99.345 to yield 10.947%. Interest on the notes is payable semi-annually, on 1 June and 1 December.
Morgan Stanley is the sole underwriter for the issue.
The acquisition of SureWest was announced in early February. Illinois-based Consolidated and Sacramento-based SureWest both provide telephone, internet and digital TV services over their fibre networks.
