Monday, August 12, 2013

tw telecom Seeks to Raise $800 Million

tw telecom inc. (NASDAQ: TWTC) has priced an $800 million offering of Senior Notes, including $450 million aggregate principal amount of 5.375% Senior Notes due 2022 and $350 million in aggregate principal amount of 6.375% Senior Notes due 2023, in a private offering to "qualified institutional buyers".


The company plans to use the net proceeds from the offering to fund the repurchase of tw telecom holdings inc.'s 8% Senior Notes due 2018 in a concurrent cash tender offer and for general corporate purposes.

http://www.twtelecom.com/

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