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BRIEF-Wideopenwest's unit enters into eighth amendment to its credit agreement
July 17, 2017 / 9:01 PM / 2 months ago

BRIEF-Wideopenwest's unit enters into eighth amendment to its credit agreement

July 17 (Reuters) - Wideopenwest Inc

* Wideopenwest Inc - co’s unit has entered into eighth amendment to its credit agreement

* Wideopenwest - amendment aments WOW! Finance borrowed new term B loans of $230.5 million for total outstanding term b loan principal amount of $2.28 billion

* Wideopenwest Inc - under amendment, revolving credit commitments were increased by an aggregate principal amount of $100 million

* Wideopenwest - new term B loans will mature in Aug. 2023, bear interest, at WOW! Finance’s option, at rate equal to ABR plus 2.00% or LIBOR plus 3.25%

* Wideopenwest Inc - company expects that its annual interest costs will be reduced by an amount in excess of $60 million Source text for Eikon: Further company coverage:

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