Cincinnati Bell’s Senior Secured Credit Facilities

Cravath represented the borrower, Cincinnati Bell Inc., a leading provider of integrated communications and IT solutions, in connection with the arrangement of its $200 million revolving credit facility and its $600 million term loan facility, provided by Morgan Stanley Senior Funding, Inc. The facilities will be used to refinance existing indebtedness, finance the acquisition of OnX Holdings LLC, fund the merger with Hawaiian Telcom Holdco, Inc., and for working capital and other general corporate purposes. The transaction closed on October 2, 2017.

The Cravath team included partner Stephen M. Kessing, senior attorney Kimberly A. Grousset and associates David J. Kohtz, Stephanie L. Rowan and Stephanie M. Park on banking matters; partner Andrew W. Needham and associate Damien J. Rose on tax matters; and associate Aaron J. Feuer on executive compensation and benefits matters.