Cincinnati Bell Announces Intention to Obtain a $400 Million Term Loan B Facility

  Cincinnati Bell Announces Intention to Obtain a $400 Million Term Loan B

Business Wire

CINCINNATI -- August 9, 2013

Cincinnati Bell Inc. (NYSE:CBB) today announced that it will seek to amend its
existing bank credit agreement to incorporate a new $400 million Term Loan B
Facility due 2020 (“the Facility”) and effect other modifications, subject to
the receipt of lender commitments and consents, as well as market and other
conditions. Indebtedness under the credit agreement, including the Facility if
successfully implemented, is guaranteed by certain subsidiaries of Cincinnati
Bell Inc. and includes customary terms and covenants. The net proceeds from
the Facility, anticipated to be approximately $390 million, are intended to be
used to repay a portion of the company’s 8 ¼% Senior Notes due 2017, and for
other general corporate purposes.

Safe Harbor Note
This release may contain forward-looking statements regarding future events
and our future results that are subject to the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995. All statements, other than
statements of historical facts, are statements that could be deemed
forward-looking statements. These statements are based on current
expectations, estimates, forecasts, and projections about the industries in
which we operate and the beliefs and assumptions of our management. Words such
as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,”
“believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,”
variations of such words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer to
projections of our future financial performance, our anticipated growth and
trends in our businesses, and other characterizations of future events or
circumstances are forward-looking statements. Readers are cautioned these
forward-looking statements are based on current expectations and assumptions
that are subject to risks and uncertainties, which could cause our actual
results to differ materially and adversely from those reflected in the
forward-looking statements. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed in this release
and those discussed in other documents we file with the Securities and
Exchange Commission (SEC). More information on potential risks and
uncertainties is available in our recent filings with the SEC, including
Cincinnati Bell's Form 10-K report, Form 10-Q reports and Form 8-K reports.
Actual results may differ materially and adversely from those expressed in any
forward-looking statements. We undertake no obligation to revise or update any
forward-looking statements for any reason.

About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB) provides
integrated communications solutions - including local and long distance voice,
data, high-speed internet, entertainment and wireless services - that keep
residential and business customers in Greater Cincinnati and Dayton connected
with each other and with the world. In addition, enterprise customers across
the United States rely on Cincinnati Bell for efficient, scalable office
communications systems and end-to-end IT solutions. Cincinnati Bell also is
the majority owner of CyrusOne (NASDAQ: CONE), which provides best-in-class
data center colocation services to enterprise customers through its facilities
with fully redundant power and cooling solutions that are currently located in
the Midwest, Texas, Arizona, London and Singapore. For more information,
please visit


Cincinnati Bell Inc.
Investor contact:
Josh Duckworth, +1 513-397-2292
Media contact:
Angela Ginty, +1 513-397-7144
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