08:47 AM EDT, 10/15/2024 (MT Newswires) -- WideOpenWest ( WOW ) said Tuesday that its WideOpenWest Finance unit has closed on a new "super-priority" credit agreement that consists of a $200 million senior term loan.

The company said the credit agreement will mature in December 2028 and bear interest at a rate equal to the Secured Overnight Financing Rate plus 7.00%, and that it will have priority over WideOpenWest's ( WOW ) existing credit facility. The agreement also allows the term loan lenders to exchange their existing term loan commitments under the existing credit agreement into the super-priority credit agreement at various interest rates.

Shares of the broadband services provider were over 5% higher in recent premarket activity.

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