New York, May 02, 2016 -- Moody's Investors Service ("Moody's") has affirmed WideOpenWest Finance, LLC's ("WOW") B2 Corporate Family Rating ("CFR") and changed the outlook to stable from negative. These actions are the result of a stabilization of WOW's operating results, improved liquidity and an improvement in EBITDA from cost reduction. The company has announced a refinance transaction that will raise additional term loan debt from its existing senior secured credit facility due 2019 to repay a similar term loan due 2017. This leverage neutral refinance will improve liquidity by removing approximately $400 million of near term maturities. In July 2015, WOW extended the maturity date on $180 million of its $200 million senior secured revolver from 2017 to 2020 and Moody's has assigned a Ba3 (LGD3) rating to this facility. The new maturity profile of both the revolver and term loan debt improves liquidity and results in no material near term maturities before April of 2019. Also, the recent equity cash injection of$160 million by Crestview Partners ("Crestview") and $5 million from Avista Capital Partners ("Avista") provides enough liquidity to fund the company's aggressive capital spending program for the next 12-18 months. The refinance transactions and the equity raise both support the company's SGL-2 speculative grade liquidity rating. Coincident with today's rating action, Moody's has also affirmed the company's Ba3 senior secured rating, Caa1 senior unsecured and subordinated ratings, B2-PD Probability of Default Rating ("PDR"). The stable outlook reflects WOW's improved credit profile, with expectations for gross leverage to fall to 6x (Moody's adjusted) over the next 12-18 months.

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