CINCINNATI BELL INC. (NYSE:CBB) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 Amendment to Material Agreements
wholly-owned direct and indirect subsidiaries, Cincinnati Bell
Telephone Company LLC (CBT) and Cincinnati Bell Extended
Territories LLC (CBET), and Regions Bank, as Trustee, entered
into a Second Supplemental Indenture (the “Second Supplemental
Indenture”). The Second Supplemental Indenture supplements that
certain Indenture dated September 22, 2016 among the Company, the
Guarantors (as defined in the Indenture) party thereto and
Regions Bank, as Trustee (as supplemented, the Indenture)
governing the issuance of the Companys 7.00% Senior Notes due
2024 (the Notes), by adding CBT and CBET as parties to the
Indenture and as Guarantors of the Notes. As CBT and CBET have
been added as parties to the Companys senior secured credit
facilities, in accordance with the Second Supplemental Indenture,
CBT and CBET will jointly and severally guarantee, with the
existing Guarantors, the obligations of the Company with respect
to the Notes, in accordance with the terms of the Indenture.
the Second Supplemental Indenture and is qualified in its
entirety by reference to the provisions of the Second
Supplemental Indenture, a copy of which is attached hereto as
Exhibit 10.1 and incorporated herein by reference.
Bell Funding LLC, the various Purchasers and Purchaser Agents
identified therein, PNC Bank, National Association, as
administrator for each Purchaser Group as LC and as Swingline
Purchaser, entered into the Tenth Amendment to Amended and
Restated Receivables Purchase Agreement (the Tenth Amendment).
The Tenth Amendment amends the Companys Amended and Restated
Receivables Purchase Agreement dated as of June 6, 2011 (as
amended, amended and restated, supplemented or otherwise
modified, the Agreement) to (i) to add the capacity to borrow
under the existing receivables facility through a new swingline
feature; (ii) to replace, amend and add certain provisions and
definitions to the Agreement with respect to the receivables of
certain customers, and (iii) to extend the Purchase Termination
Date (as defined in the Agreement) from May 26, 2017 to May 25,
2018.
the Tenth Amendment and is qualified in its entirety by reference
to the provisions of the Tenth Amendment, a copy of which is
attached hereto as Exhibit 10.2 and incorporated herein by
reference.
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Exhibit No.
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Description
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10.1
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Second Supplemental Indenture dated May 31, 2017, among
Cincinnati Bell Inc., Cincinnati Bell Telephone Company LLC, Cincinnati Bell Extended Territories LLC, and Regions Bank, as Trustee. |
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10.2
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Tenth Amendment to Amended and Restated Receivables
Purchase Agreement dated May 26, 2017, among Cincinnati Bell Funding LLC, Cincinnati Bell Inc. as Servicer and as Performance Guarantor, PNC Bank, National Association as Administrator for each Purchaser Group, as LC Bank and the Swingline Purchaser. |
About CINCINNATI BELL INC. (NYSE:CBB)
Cincinnati Bell Inc., along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments. The Entertainment and Communications segment provides products and services, such as high-speed Internet, data transport local voice, long distance, voice over Internet protocol (VoIP), video and other services. Cincinnati Bell Telephone Company LLC, a subsidiary of the Company, is the incumbent local exchange carrier (ILEC) for a geography that covers a radius of approximately 25 miles around Cincinnati, Ohio, and includes parts of northern Kentucky and southeastern Indiana. The IT Services and Hardware segment provides a range of managed IT solutions, including managed telephony, network and infrastructure services, equipment sales and professional IT staffing services. The Company has interest in CyrusOne Inc., which operates carrier-neutral data center properties. CINCINNATI BELL INC. (NYSE:CBB) Recent Trading Information
CINCINNATI BELL INC. (NYSE:CBB) closed its last trading session up +0.60 at 17.60 with 279,201 shares trading hands.
