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Market Chatter: WideOpenWest Nearing Deal to Raise $200 Million in New Funding From Lenders
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Market Chatter: WideOpenWest Nearing Deal to Raise $200 Million in New Funding From Lenders
Oct 11, 2024 1:50 PM

04:28 PM EDT, 10/11/2024 (MT Newswires) -- WideOpenWest ( WOW ) is close to finalizing a deal with lenders to raise around $200 million in new funding and to renegotiate its overall debt profile, Bloomberg reported on Friday, citing people familiar with the situation.

The new debt would rate above the cable operator's existing debt, the sources reportedly said, adding that the company also plans to launch a debt exchange.

WideOpenWest ( WOW ) did not immediately return a message from MT Newswires seeking comment on Friday afternoon.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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