TW Telecom subsidiary prices $430 million senior notes offering
By APThursday, March 4, 2010
TW Telecom unit prices $430 million notes offering
LITTLETON, Colo. — A subsidiary of TW Telecom Inc., an Internet and phone service provider, on Thursday priced an offering of $430 million of debt.
TW Telecom Holdings Inc. is issuing senior notes carrying an interest of 8 percent and maturing in 2018. It is priced at 99.284 percent of its face value.
The offering will close on March 17.
Proceeds from the sale will be used to pay back senior notes due 2014 that pay an interest of 9.25 percent.
Shares of TW Telecom, based in Littleton, Colo., fell 8 cents to $16.95 on Thursday.
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