Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
CINCINNATI BELL INC incurred term loan of $200 million with Goldman Sachs Bank USA, as administrative agent, and CoBank, ACB, as the Term B-3 Lender at floating rate plus a margin equal to (x) 3.00% for Term B-3 Loans bearing intere maturing November 2028.
- Instrument
- term loan
- Principal
- $200 million
- Counterparty
- Goldman Sachs Bank USA, as administrative agent, and CoBank, ACB, as the Term B-3 Lender
- Rate
- floating rate plus a margin equal to (x) 3.00% for Term B-3 Loans bearing intere
- Maturity
- November 2028
- Event
- incurrence
Exact text from the filing
The Incremental Amendment provides for the incurrence of a new tranche of $200 million senior secured term loans (the “Term B-3 Loans”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CINCINNATI BELL INC amended Incremental Amendment with CoBank, ACB valued at $200 million (effective 2023-05-03).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- CoBank, ACB
- Value
- $200 million
- Effective
- 2023-05-03
Exact text from the filing
On May 3, 2023, Cincinnati Bell Inc. (the “Company) entered into an Incremental Amendment to Credit Agreement (the “Incremental Amendment”), by and among the Company, Red Fiber Parent LLC (“Holdings”), the Guarantors party thereto, Goldman Sachs Bank USA, as administrative agent (the “Administrative Agent”), and CoBank, ACB, as the Term B-3 Lender, in order to amend certain terms of its existing Credit Agreement (the “Credit Agreement”), dated as of September 7, 2021, as amended as of November 23, 2021, by and among the Company, Holdings, the Administrative Agent and the Lenders and L/C Issuers party thereto.
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