Cincinnati Bell (CBB) announced that it plans to publicly offer $500 million aggregate principal amount of senior notes due 2017. The net proceeds of the offering will be used to call the company's outstanding 71/4% Senior Notes due 2013 pursuant to the call provision in an amount of $440 million plus accrued interest and call premium, as well as for other general corporate purposes. Morgan Stanley will act as the Lead Bookrunning Manager for the senior note offering.
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